Surgent's Federal Tax Update
Overview
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.
Learning 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.
Major Topics:
- 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
