2024 Business Federal Tax Update (Half-Day Webinar)

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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