Monthly Tax Update (December) (Completed)

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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

• Disaster relief legislation
• Tax outlook for 119th Congress and new Administration
• Change in IRS Commissioner?
• 1099-K TPSO update for 2024 and beyond
• Tax updates on income, §83(b) elections, charitable donation reminders, research credit claims, PTC expiring provisions, int'l penalties, and more
• Corporate Transparency/BOI updates - litigation and more
• Digital asset reminders and updates
• Security Awareness Week news
• Practice and procedure updates
• 2024 year in review for tax
• And more

Learning Objectives

• Identify key developments from legislatures, tax agencies and the courts
• Update on student loan forgiveness
• IRS simplification of draft Domestic Filing Exception for filing Schedules K-2 and K-3
• Recent rulings on income, 1099-C problems, depreciation, §174 guidance, research credit, constructive dividends, draft UTP changes, and more
• Digital asset updates including Form 1040 changes, checklist for getting information from clients, and dealing with crypto losses
• 5th Anniversary of TCJA
• Practice and procedure updates
• And more

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None