In-person Description and Objectives
Day 1: Essential Tax Law for Individuals and Businesses
Summary
Day one will provide you with detailed, in-depth information on the most recent legislation, expiring provisions and IRS updates.
Individual topics include energy credits for electric vehicles and personal real estate, as well as updates on the new RMD rules. Business topics include updates on schedules K-2 and K-3 to report certain items of international tax relevance, as well as updates on business credits and deductions for 2023. Course materials will include the most recent legislation and IRS updates as they become available.
Objectives
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Analyze new tax laws and developments for individuals and businesses
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Determine the tax treatment of different sources of income
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Analyze the change in tax rules for certain credits and deductions
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Identify extended and expired tax provisions
Course details
Course Level: Update
Prerequisite: Fundamental knowledge of individual and business income tax
Advanced Preparation: None
Delivery Method: Group-Live
Day 2: Trending Topics and Tax Strategies
Summary
Day two will cover today’s current trends in tax preparation and planning, as well as common situations in which you’ll need to be prepared to develop a tax strategy for your client.
Objectives
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Analyze the tax impacts of selling a partnership, S corporation or C corporation
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Determine the tax treatment of fringe benefits
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Report unique rental property activities such as conversions of a primary residence and short-term rentals
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Calculate NIIT
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Summarize how tax professionals can assist clients with IRS interactions
Course details
Course Level: Intermediate
Prerequisite: Fundamental knowledge of individual and business income tax
Advanced Preparation: None
Delivery Method: Group-Live