Individual Income and Tax Compliance Annual Update

Overview

The most pressing tax matters affecting individuals, estates, and trusts

With so many tax developments that come up during the year, it’s hard to stay on top of every salient issue. In this all-new course, you’ll review a tailored list of updates highlighting the most pertinent issues affecting individuals, estates, and trusts from the past year, including relevant 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

Regulatory and sub-regulatory guidance

Insights to study before, during, and after tax season

Materials inform you of the latest legal and regulatory tax matters affecting individuals, estates, and trusts, 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

IRS guidance, including notices, revenue rulings and revenue procedures

IRS and Treasury proposed, temporary and final regulations

U.S. Tax Court cases

Legislative updates

Prerequisites

Basic knowledge of federal income taxation

Designed For

Public accounting senior associates, managers, and partners

Financial advisers

Objectives

Identify inflation adjustments that primarily affect individuals.
Recognize the impact of recent changes in the tax regulatory environment.
Identify changes affecting individual taxation.
Recall the factors that determine whether an activity is a hobby or a business.