Date and Time: Monday, December 18 – 9:00 am – 12:40 pm EST
Description: This program provides an update to the latest tax developments, rules and regulations affecting individual taxpayers, including a review and integration of 2022-23 legislation.
Learning Objectives:
- Implement practical strategies based on recent developments
- Identify and recall key compliance issues
- Identify and recall significant changes in tax forms
Program Content:
- Recent tax legislation and developments related to cases and rulings that will impact 2023 individual returns.
- Individual provisions of the Inflation Reduction Act.
- Section 199A changes, including use of carryforward passive activity and 199A losses and latest tax forms.
- Passive activity significant participation tests.
- Individual tax changes including the earned income credit, child credit, and child and dependent care credit.
- Crypto reporting update.
- 2023-24 tax rate schedule and other inflation adjusted items
- Passive activity and hobby loss rules changes
- Rebates and unemployment compensation
- Premium Tax Credit
- Student Loans
- Selected 1040 changes
- 2022/2023 rates and deductions
- High income taxpayer developments
- Virtual currency issues
- RMDs
- IRA withdrawals
- Qualified opportunity funds
Who should attend: CPAs in public practice and members in industry seeking the latest individual tax developments.
Program Level: Intermediate
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 4
Field of Study: Taxes
Prerequisites: Basic knowledge of individual taxation.
Advanced Preparation: None
Qualifies for IRS PTIN Credit
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Course materials are only available to students enrolled in the course.