Description

This program provides an update on the latest tax developments, rules and regulations impacting individual and business taxpayers, including a review and integration of the most recent legislation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Presented by Federal Tax Workshops, Inc

Target Audience

CPAs and members in the accounting industry seeking a legislative update on the most recent individual and business tax provisions.

Course Objectives

After attending this presentation you will be able to...

• Implement practical strategies based on recent developments.
• Identify and recall key compliance issues.
• Identify and recall significant changes in tax forms.

Subjects

• Update and integration of the most recent tax legislation impacting individual and business taxpayers.
• Review of individual and business provisions of the Inflation Reduction Act.
• Update on significant individual and business tax developments related to cases and rulings.
• Update on earned income credit, child credit, and child and dependent care credit.
• Crypto reporting update.
• Depreciation changes in Sec. 179 and Sec. 168(k) bonus depreciation.
• Tax issues impacting "gig" workers, including Form 1099-K.
• Update on partnership and S corporations, including Schedules K-2 and K-3 of Forms 1065 and 1120S related to foreign transactions.

Prerequisites

Basic working knowledge of individual and business taxation.