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
& 2024 Greenbook
- 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 - 2024
Greenbook
Part II: IRS Procedure
- Offers in
Compromise - IRS Administration
- Statute of
Limitations - Mailbox Rule
- Discharge of
Indebtedness - Income Recognition
- Reasonable Cause
- Innocent Spouse
- Reporting
- FBARS
- Tax Liens
- Constitutional
Issues - Trust Fund Taxes
- ERC
- Retirement Plan
Contributions - Other Issues
- Non-fungible Tokens
Part
III: Individual Updates & Cases
- Trade
or Business v. Investment - Charitable
Contributions - Conservation
Easements - Gifts
- Litigation
Payments - Taxability
of Disability Payments - Tax
Shelters - Alimony
- Substantiating
Business Expenses - Other
Issues - Retirement
Plans - IRAs
- Medical
Deductions - Dependency
Deductions - Cancellation
of Indebtedness - Income
Earned Abroad - Cryptocurrency