Everybody’s Critical Individual Tax Update
6 Credits: Taxes
Event Date: June 13, 2024 7:30 am$838.00
Availability: 137 in stock
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Secure Transaction Everybody’s Critical Individual Tax Update
Format
Conference
Course Level
CPE Credits
6 Credits: Taxes
Event Date: June 13, 2024 7:30 am
Course Description
Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to grasp recent individual tax changes. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it an extremely convenient resource. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life experiences, which make complicated tax topics easily understandable. Specific course topics will be announced and updated through year-end.
Learning Objectives
Upon completion of this course, participants will be able to:
- Cite the timing and impact of key provisions of new legislation; and
- Identify key provisions of TCJA and impacts on key provisions by other more recent legislation; and
- Cite current thresholds and phase-outs for key provisions for 2024; and
- Identify requirements for various tax credits applicable to individual taxpayers; and
- Cite the key requirements and thresholds related to foreign financial asset reporting; and
- Identify relevant provisions of ACA applicable to taxpayers in the current year; and
- Identify key provisions of new legislation including Consolidated Appropriations Acts, CARES Act, SECURE Act, and other issuances as well as proposals; and
- Identify rules and issues for IRAs, Roth IRAs, and qualified retirement plans; and
- Cite limitations for contributions, distributions, and conversions; and
- Identify issues with unique retirement plan situations such as self-directed IRAs, loans to participants, and prohibited transactions and the impacts on taxation and assessment of penalties; and
- Identify key rules and regulations including tax issues for online rentals, vacation rentals, and like-kind exchanges; and
- Cite the requirements for real estate rentals for both small investors and real estate professionals; and
- Identify the rules for dealers versus investors in real estate; and
- Cite estate and gift tax exemptions, tax rates, and limitations; and
- Cite current rules and regulations from current and proposed legislation; and
- Cite benefits and drawbacks of Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs).
Course Specifics
24CBozeman-LE375315
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02489-24-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 326704
CFP Credits: 6
CTEC Course Number: 2071-CE-2036
CTEC Federal Tax Update Credits: 6
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Mark Seid, EA, CPA has over 25 years of experience in field of taxation focused on tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.