Overview 8.0 Credits ONLINE Tax practitioners need help keeping up with recent legislation and new IRS guidance. Discuss the most important legislative and regulatory developments of the season and significant trends and changes in case law with a view to planning considerations. It is continually updated to reflect enacted legislation.
Objectives Understand the latest tax law changes Understand strategies and techniques for individuals to use in light of tax changes Understand current cases and rulings affecting individuals and businesses
Major Topics Comprehensive coverage of the One Big Beautiful Bill Act, including a tip income exemption, overtime pay relief, Social Security tax exemption, temporary senior deduction, Trump accounts, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, bonus depreciation made permanent, increased §179 deduction, changes to R&E expenditures, changes to §163(j), qualified small business stock exclusion Digital Assets & Tax Implications – understand Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies, and broker responsibilities Artificial Intelligence – discover how AI and generative tools are transforming the tax profession Sale of Passthrough Entity Interests & Net Investment Income Tax Timely coverage of breaking tax legislation The Gig Economy - Tax implications, Independent Contractor vs. Employee classification, and employer reporting responsibilities 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
