Overview

4.0 Credits
ONLINE

Preparing for the busy season involves knowing what’s new for the current year and understanding how the changing limits, phaseouts and other rules apply to current-year returns. With major legislation enacted over the past few years, receive essential individual tax information. In addition, review significant tax form changes, new tax forms, new limitations, key developments as they are reflected in the IRS forms, and IRS filing issues and deadlines that will be invaluable to attendees who prepare tax returns during the busy season.

Objectives

  • Understand which income tax returns and schedules have changed for individuals and pass-through entities
  • Identify the legislative, administrative, and judicial developments that affect the income tax returns and schedules of individuals and pass-through entities

Major Topics

  • Timely coverage of breaking tax legislation
  • Comprehensive coverage of the Inflation Reduction Act of 2022 and SECURE Act 2.0 
  • A tour of the most recent changes starting from gross income and ending with alternative minimum tax (AMT) and selected credits including the latest IRS guidance on recent tax legislation
  • Hot, hidden, or miscellaneous developments affecting the upcoming tax season
  • Review of new laws and changes in old forms to provide a familiarity for the upcoming tax season
  • Key new tax and practice developments and how they impact the current-year tax forms for individuals

Prerequisite

Basic familiarity with tax rules relating to individual and pass-through entity taxation for the current tax year

Sessions

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Wednesday, January 8, 2025

General Sessions
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