2022 Mid-Year Tax Update (Sold Out)

Author: Greg White

CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

Join expert, Greg White, CPA, as he provides a mid-year update on the most recent changes you need to navigate through the maze of tax legislation.

Publication Date: May 2022

Designed For
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.

Topics Covered

  • Gross Income
  • Should Form 1099-K Be on Our Checklist for 2022 Tax Year?
  • Cryptocurrency
  • Other Crypto News
  • NFT Artwork Taxation
  • Taxes and Inflation
  • Business and Investment Deductions
  • Bonus Depreciation Changes
  • Research Expenditures (§174)
  • Cannabis
  • Passive Activities: Material Participation
  • Rogerson v. Comm'r.
  • Real Estate Professional
  • Special Rule Married — Real Estate Professionals Only
  • Partnerships and S Corps
  • CPAR
  • Pensions and IRAs
  • Itemized Deductions
  • Internal Revenue Service
  • IRS's Stink-Eye
  • IRS Under Siege
  • Administrative Procedures Act
  • Shot Heard 'Round the World!
  • IRS Response → Mayo
  • Administrative Procedure Act
  • APA Recap
  • Credits
  • Legislation
  • Gift and Estate
  • No "Claw Back" Rule
  • Decedent Checklist: My List So Far

Learning Objectives

  • Identify important new tax cases
  • Recognize how to apply important new IRS guidance
  • Identify impact of new legislation on clients
  • Identify the 2022 above-the-line deduction for educators
  • Recognize beginning in what year Form 1099-B will be required for digital assets (including cryptocurrency) for transactions
  • Identify the annual inflation rate as of April 2022
  • Recognize in what year bonus depreciation begins to phase out
  • Identify the number of hurdles that must be cleared to be classified as a real estate professional
  • Recognize how CPAR applies in various scenarios
  • Identify the number of states that have passed partnership/S Corp entity-level income taxes
  • Describe which type of tax arrangement the IRS has been cracking down on
  • Identify the average amount of time in 2021 to close IRS appeals cases
  • Recognize how APA rules apply
  • Identify the number of ways to make the portability election
  • Recognize which tax form is used to claim the plug-in credit

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal taxation concepts.

Advance Preparation
None

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