Monthly Tax Update (August) (Completed)

Date: Wednesday, August 28, 2024 Instructor: Annette Nellen Begin Time:  9:00am Pacific Time 10:00am Mountain Time 11:00am Central Time 12:00pm Eastern Time CPE Credit:  2 hours for CPAs 2 hours Federal Tax Law Updates for EAs and OTRPs 2 hours Federal Tax Updates for CTEC

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These monthly update webinars provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws. Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.

Who Should Attend
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.

Topics Covered

• End of H.R. 7024 on TCJA and other changes
• Disaster relief updates
• IRS Strategic Operating Plan updates
• Draft 2024 tax form changes
• Tax updates on income, deductions denied, business expenses, ERC, S corporation distributions, energy credits, and more
• Continued coverage of final regulations on digital asset reporting by brokers, and related guidance particularly Rev. Proc. 2024-28 calling for action by many digital asset investors by 12/31/24
• Draft Form 1099-DA
• Procedural developments and more warnings about various tax scams
• Select multistate developments
• And more

Learning Objectives

• Identify key developments from legislatures, tax agencies and the courts
• Recognize law changes that may affect your clients and your practice

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None

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