2024 Spring Tax Update for Individuals with Steve Dilley

Overview

This program provides an update to the latest tax developments, rules and regulations impacting and individual taxpayers, with a review and integration of the recent tax legislation.  

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Recent legislative developments, cases and rulings impacting individual taxpayers
• Changes to Form 1040 and other related forms, worksheets and schedules
• Individual income items, itemized deductions and credits; Tax rate schedule and other inflation adjusted items; Implications for self-employed taxpayers of various legislation
• Virtual currency reporting; SECURE Act 2.0
• Section 199A changes, including use of carryforward passive activity and 199A losses
• Capital gains and losses
• Passive activity and hobby loss rules changes

Prerequisites

Basic working knowledge of individual taxation

Designed For

CPAs in public practice and members in industry seeking an update on the latest individual tax developments

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments

Preparation

None