The Best Individual Income Tax Update Course by Surgent (Simulcast)  (BITU-SIM)

8.00 CPE Credit Hours

Special Note: This course is also being offered in-person in Sioux Falls. Register for the in-person attendance here.

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.

Designed For
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

Objective

• Understand strategies and tactics to use in light of new legislation
• Understand the most current guidance on retirement planning
• Understand how to nail down valuable deductions and other reductions to the tax base

Highlights

• Coverage of the Inflation Reduction Act of 2022
• Timely coverage of breaking tax legislation
• Foreign Tax Credit considerations • Schedules K-2 and K-3 reporting requirements and transitional filing relief
• Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
• Donor Advised Funds
• Residency and Domicile
• Selling a principal residence, including tax planning strategies
• A comprehensive overview of virtual currency, including important tax considerations in light of increased IRS scrutiny
• The SECURE Act 2022 Proposed Regulations
• Real Estate professional requirements
• The Independent Contractor vs. Employee Conundrum continues - Department of Labor Final Rule reinstated
• State of the IRS - plans to reduce the backlog of returns due to COVID-19
• Review of pertinent cases and rulings affecting taxpayers
• Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
• Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

Prerequisites
Experience in individual tax planning

Advanced Preparation
None

Developer
Surgent CPE, LLC

Presenters
Steven Wagner,

Level of Knowledge
Update