2024 Business Federal Tax Update (Half-Day Webinar)
Date: Wednesday, December 4, 2024
Instructor: Greg White
Begin Time: |
8:00am Pacific Time 9:00am Mountain Time 10:00am Central Time 11:00am Eastern Time |
CPE Credit: |
4 hours for CPAs 4 hours Federal Tax Law Updates for EAs and OTRPs 4 hours Federal Tax Updates for CTEC |
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NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
If last year was action packed, this year promises to be even more so. Join expert Greg White, as he provides an update on the most recent changes affecting businesses that you’ll need to navigate through the maze of tax legislation.
Topics Covered
- Important 2024 cases, including four new Supreme Court cases that affect tax practice
- A brand new very taxpayer friendly case on S corp shareholder tax basis
- Developments in the area of self-employment tax on LLC members
- A new case that affects when the IRS will respect a tax entity (e.g., an S corporation) as a separate legal person. This is essential for saving payroll taxes)
- Four Supreme Court cases that affect tax practice
- “Taxmageddon”—2025 will mark the last year for many important Tax Cuts and Jobs Act
- We’ll cover the likelihood of these provisions being extended and also how to plan to save our clients tax
- An important new trend is afoot: Courts are invalidating IRS guidance. We'll talk about the ramifications on your practice
- How to cut through IRS “red tape” (slow responses, incorrect adjustments to tax returns)
- 2024 developments on the SECURE Act 2.0
Learning Objectives
- Identify important 2024 cases, including four new Supreme Court cases that affect tax practice
- Learn when courts will respect the separate legal status of a legal entity (this is crucial for saving payroll taxes with an S corporation)
- Recognize and apply legislative developments.
- Review administrative releases, including IRS guidance on cryptocurrency reporting and education plans
- Recognize and apply new legal developments to you practice
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
A basic understanding of tax preparation
Advance Preparation
None