AICPA's Annual Federal Tax Update - Virginia Society of CPAs

Overview

Covering easy-to-miss tax matters from the past year
The velocity of legal and regulatory tax change can make it difficult to keep up. In this course, you are brought up to date on the latest legislative, judicial, and IRS developments affecting businesses, individuals, estates, and trusts, including regulatory updates related to H.R. 1, commonly referred to as OBBBA. Matters that specifically affect tax practitioners (such as changes in the tax regulatory environment) are also covered.

Topics include:

Inflation adjustments

U.S. Tax Court cases settled in the past year

Law changes from the past year

Recently issued regulatory and sub-regulatory guidance

Focusing on implementation and compliance

Materials inform you of the latest legal and regulatory tax matters affecting virtually all taxpayer profiles, helping you effectively complete tax planning and compliance engagements. Course materials point out tax planning opportunities and provide practice tips to help you serve clients with confidence.

Highlights

Inflation adjustments

IRS administrative issues, compliance, and new forms

Court cases settled in the last year that provide tax return guidance

IRS rulings, procedures, and notices for the last year

New, updated, and expiring tax deductions and credits

Legislative and regulatory updates affecting tax practitioners

Tax matters affecting individuals, C corporations, partnerships, S corporations, estates, and trusts

Prerequisites

Basic knowledge of federal income taxation

Designed For

Public accounting senior associates, managers, and partners

Tax professionals in company finance or tax departments

Objectives

Identify inflation adjustments that primarily affect businesses.
Identify inflation adjustments that primarily affect individuals.
Recognize the impact of recent changes in the tax regulatory environment.
Identify changes affecting general business taxation.
Recognize changes that affect pass-through entity taxation.
Identify changes affecting individual taxation.