Overview

4.0 Credits
ONLINE

New legislation results in significant changes for businesses and individual clients. Tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. Address this challenge and the latest cases and rulings applicable to individual and business clients. It is continuously updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course be taken separately from BIT4.

Objectives

  • Understand strategies and techniques to use in light of new legislation
  • Understand the latest enacted tax law changes
  • Understand current cases and rulings affecting your clients

 

Major Topics

  • Comprehensive coverage of the Inflation Reduction Act, including:
    • The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, and Premium Tax Credit
  • Comprehensive coverage of the SECURE 2.0 Act, including:
    • Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, and New Exceptions to Penalty-Free Withdrawal from Retirement Plans
  • Timely coverage of breaking tax legislation
  • Bonus depreciation 
  • Section 174 Research and Experimental Expenditures
  • New FinCEN reporting requirements in 2024
  • Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

 

Prerequisite

Experience with individual and business clients

Sessions

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Friday, November 22, 2024

General Sessions
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