FTU INDIVIDUALS IRS PROCEDURE -LEGISLATION

Seismic changes in tax
legislation is currently taking place, and the well-informed tax practitioner
will want to attend this eight hour program in order to stay abreast of these
developments.  This program will cover
new court decisions, recent IRS publications, and the latest tax legislation
that will impact individuals.  The
remaining time will be spent on IRS procedure and other issues. This course
will provide a concise look at the hottest topics affecting every tax
practitioner. 

Who should
Attend

This course is suitable for tax and finance executives, directors,
managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and
business/financial advisors who work with and advise individuals that have tax
implications.  All public practice tax
professionals will benefit from this timely and insightful seminar.

Learning
Objectives:

  • Become
    familiar with recent court cases and Treasury publications affecting business
    entities.
  • Acquire
    a working knowledge of recent changes to IRS procedure.
  • Become
    conversant of recently issued tax court opinions and their implications to
    taxpayers.
  • Know
    the status of upcoming tax legislation and how it might affect clients.

 Program Content:

 Part
I:  Secure Act 2.0 – Employee Provisions

  • Changes
    to the Saver’s Credit
  • Changing
    the required minimum distribution rules for Roth 401(k)s
  • Changes
    to required beginning dates for required minimum distributions of retirement
    plans.
  • Penalty-Free
    Withdrawals for Certain Emergency Expenses
  • Special
    provisions for firefighters and military personnel spouses
  • Increases
    in catch-up contributions
  • Impact
    on 529 plans
  • Opportunities
    for student loan payment matching

 Part II:  IRS Procedure

  • Offers in
    Compromise
  • IRS Administration
  • Statute of
    Limitations
  • Mailbox Rule
  • Discharge of
    Indebtedness