Tax Cluster: Federal Tax Update - A Virtual Event
Overview
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Both businesses and individual clients face major changes as a result of new legislation, and tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. This course addresses this challenge and also encompasses the latest cases and rulings applicable to individual and business clients. Continually updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BIT4.
This course qualifies for IRS credit.
Highlights
- 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
Prerequisites
Experience with individual and business clients
Designed For
Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice
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
Preparation
None
Leader(s):
Leader Bios
Gregory Carnes, University of North Alabama
Gregory Carnes is Raburn Eminent Scholar of Accounting at the University of North Alabama and also serves as MBA Program Director. He currently serves as Chair of the Education Committee of the ASCPA and as President of the North Alabama ASCPA chapter. He previously served as President of the Accounting Program Leadership Group, President-Elect of the Federation of Schools of Accountancy, and Secretary of the American Taxation Association. Dr. Carnes previously served as chair of the Department of Accountancy at Northern Illinois University and Dean of the College of Business at Lipscomb University. Dr. Carnes has published approximately 30 articles in journals such as The Journal of Economic Psychology, Journal of the American Taxation Association, Advances in Taxation, The Journal of International Accounting, Auditing, and Taxation, The Tax Adviser, Taxation for Accountants, Taxation for Lawyers, and The CPA Journal. He is a contributing author on Federal Taxation and Corporate, Partnership, and Estate & Gift Taxation (Thomson Publishing), popular textbooks used in undergraduate and graduate taxation courses. His primary teaching interests are in Partnership Taxation and Taxation of Compensation and Benefits. He also authors material for CPA Excel, one of the nation’s leading CPA Review courses. He is a member of the AICPA, the American Accounting Association, the Alabama Society of CPAs, and the American Taxation Association. He has also provided tax training for national accounting firms and the AICPA.
Non-Member Price $195.00
Member Price $165.00