2024 Mid-Year Individual Tax Update

Overview

This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation so that the practitioner can provide solid planning advice to their clients prior to year-end. This course will provide a comprehensive review of Form 1040 issues for the current tax year. Included will be a thorough review of all Internal Revenue Code changes made by year-to-date. In addition, this course will instruct the participant as to where to expect potential changes to be made by the current administration.

Highlights

• Major changes to legislation
• Status issues
• Divorce issues
• Death of a taxpayer issues
• Military issues
• Income and deduction planning ideas
• Non-resident and resident alien issues
• Foreign related reporting issues
• Cryptocurrency
• Compensation and fringe benefits
• Social Security issues
• Capital gains
• Deduction issues
• Kiddie Tax
• Various credits

Prerequisites

None

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Objectives

At the end of this course the participants will be able to:

• To discuss major changes to the Internal Revenue Code created by legislation
• To list ideas as to how to create and/or update their client's tax, financial, estate, and retirement plans due because of legislation

Notice

All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the “My CPE” section of the NESCPA website.