Federal Tax Update: Individual & Business Current Developments (Webinar)  (FTAU-WEB)

8.00 CPE Credit Hours

At this comprehensive course, learn how to handle tax law changes affecting individuals, businesses and their owners. Look at new tax forms and changes to existing forms, with an emphasis on newly enacted tax legislation, income tax regulations, court cases, IRS guidance, revenue procedures and private letter rulings affecting individuals and businesses. Come away with helpful practice aids, examples, charts and updated forms and schedules to guide you through tax season and beyond.

Tax professionals and tax teams in need of a federal individual and business income tax update course prior to tax season

• Understand the major federal income tax laws impacting individuals, C and S Corporations, partnerships, LLCs and LLPs
• Identify and comprehend any newly enacted legislation, changes and IRS guidance affecting individual and business income tax returns
  
  

• Recent changes to individual and business income tax legislation, including the Inflation Reduction Act and SECURE Act 2.0
• Major tax changes for corporations, partnerships and individuals and changes to the income tax forms and related schedules
• Business income tax provisions including Section 199A 20% qualified business income (QBI) deduction, changes to net operating losses (NOLs), Section 461(l) business loss limitations and Section 163(j) interest deduction limitations, accounting method changes, depreciation, retirement plans, fringe benefits and entertainment expenses
• Individual and business income tax rates, capital gain tax rates, self-employment tax, alternative minimum tax (AMT), 3.8% net investment income tax (NIIT) and more
• Review of income tax topics, filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income and income tax credits
• New, final required minimum distribution (RMD) regulations
• Other important IRS audit areas such as basis and at-risk limitations for S shareholders and partners, passive activity losses, real estate professionals and self-employment taxes and more
  

Background in individual and business income tax law recommended

None