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Best Individual Income Tax Update (in collaboration with the FICPA)

Description

This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. You will come away from the course with the up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. This course is continually updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BFTU.

Learning Objectives

<liUnderstand strategies and tactics to use in light of new legislation</font
</li<liUnderstand the most current guidance on retirement planning</font
</li<liUnderstand how to nail down valuable deductions and other reductions to the tax base</font </li</ul</ul
 </div

Major Topics

<liTimely coverage of breaking tax legislation</font
</li<liForeign Tax Credit considerations</font
</li<liSchedules K-2 and K-3 reporting requirements and transiional filing relief</font
</li<liForm 7203, S Corporation Shareholder Stock and Debt Basis Limitations</font
</li<liDonor Advised Funds</font
</li<liResidency and Domicile</font
</li<liSelling a principal residence, including tax planning strategies</font
</li<liA comprehensive overview of  virtual currency, including important tax considerations in light of increased IRS scrutiny</font
</li<liThe SECURE Act 2022 Proposed Regulations</font
</li<liReal Estate professional requirements</font
</li<liThe Independent Contractor vs. Employee Conundrum continues – Department of Labor Final Rule reinstated</font
</li<liState of the IRS – plans to reduce the backlog of returns due to COVID-19</font
</li<liReview of pertinent cases and rulings affecting taxpayers</font
</li<liPractice aids, including all the numbers applicable for the current year — inflation-adjusted amounts, mileage rates, retirement contributions, and more</font
</li<liAdvanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas</font </li</ul</ul
 </div

Provider
Maryland Association of CPAs
Course Level
Update
Professional Area of Focus
Tax
Taxation
CPE Field of Study
Taxes
8
Who Should Attend

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients

Prerequisites

Experience in individual tax planning

Location
Live Online – via FICPA On24 Link
Event Information
When
Dec 5, 2023
8:30 am - 4:00 pm EDT
Location
Live Online – via FICPA On24 Link
Total CPE Credits
8
Format
Live Webcast

MEMBER


$ (% off)
$275.00

NON-MEMBER


$ (% off)
$400.00
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Best Individual Income Tax Update (in collaboration with the FICPA)


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