The Best Individual Income Tax Update Course by Surgent Download

Overview

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. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BFTU.

Highlights

Coverage of The SECURE 2.0 Act of 2022
Comprehensive coverage of the Inflation Reduction Act of 2022
Timely coverage of breaking tax legislation
Schedules K-2 and K-3 reporting requirements and transitional filing relief
Student loan forgiveness considerations
SBA Disaster Loans (Hurricane Ian)
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 - New DOL proposed rulemaking
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

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

Objectives

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