Tax Season Update with Steve Dilley

Overview

This course addresses the most recent tax legislation, rulings and developments occurring in 2022-23 that will impact both the business and individual taxpaying client. The course is designed to prepare the practitioner for the upcoming filing season and provide useful strategies to assist in the tax preparation process.

Highlights

• 2022-23 legislative, judicial, and IRS developments impacting practitioners during the upcoming filing season.
• Tax Cut and Jobs Act expiring provisions tax legislation update.
• Tax rates and inflation-adjusted figures for 2023 and 2024.
• Depreciation tax update.
• Meals & entertainment expense reporting.
• Review of changes in tax forms.
• Analyze significant regulations, IRS rulings, and court cases affecting individuals, corporations, S corporations, and partnership
• Virtual currency reporting update
• Foreign bank account reporting changes
  

Prerequisites

Basic working knowledge of individual and business taxation

Designed For

Practitioners desiring an update on significant developments affecting the filing season, staff members who will have significant compliance assignments during tax season, and members in industry seeking to keep their knowledge current.

Objectives

• Implement practical strategies based on recent developments
• Understand changes in tax forms
• Define key compliance issues

Preparation

None