Annual Federal Tax Update

Overview

Save time and keep current on the latest tax developments! This comprehensive course covers all legislative, judicial and IRS developments of the past year, with a focus on implementation and compliance. Discover how to effectively and confidently complete tax-planning and compliance engagements. Cover current developments affecting individuals (including those regarding income, deductions and losses, tax calculations, individual credits and filing matters), business entities (including those regarding S corporations and their shareholders, C corporations and partnerships), estates and trusts, retirement plans and more. 

Learning Objectives:

• Identify planning strategies and compliance actions resulting from the latest changes to federal tax statutes, regulations, cases and rulings.
• Identify new and expiring business tax credits.
• Recognize the impact of new final and proposed regulations relating to corporations, partnerships, S corporations, estates and trusts, and individuals.

• Strategies for tax savings
• Business entity changes
• IRS administrative issues, compliance and new forms
• Court cases settled in the last year that provide tax return guidance
• Position authority
• IRS rulings, procedures and notices for the last year
• New, updated and expiring tax deductions and credits