Live Stream: Individual Income Tax Update
416 | Livestream | Update | Scheduled
Description
This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. You will come away from the course with the up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. This course is continually updated to reflect enacted legislation.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
| 8.00 | CFP |
| 6.75 | CLE |
Designed For
All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients
Prerequisites
Experience in individual tax planning
Highlights
- Comprehensive coverage of the Inflation Reduction Act, including the Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, and Premium Tax Credit
- Comprehensive coverage of the SECURE 2.0 Act, including expanding enrollment in retirement plans, the increase in age for required beginning date for mandatory distributions and new exceptions to penalty-free withdrawal from retirement plans
- Timely coverage of breaking tax legislation
- New Form 1099-K reporting requirements
- Detailed analysis and examples of sale of passthrough entity interest and net investment income tax
- Residency and domicile
- Selling a principal residence, including tax planning strategies
- Real estate professional requirements
- Virtual currency, including recent developments regarding NFTs
- Review of pertinent cases and rulings affecting taxpayers
- Practice aids, including all the numbers applicable for the current year - inflation-adjusted amounts, mileage rates, retirement contributions and more
- Advanced practice, reporting and other issues intertwined with advanced planning and discussion ideas
Objectives
- Understand strategies and tactics to use in light of new legislation
- Understand the most current guidance on retirement planning
- Understand how to nail down valuable deductions and other reductions to the tax base
Prices
- Member (Early Bird)
- $299.00
- Non-Member (Early Bird)
- $399.00
- Member
- $299.00
- Non-Member
- $399.00
Instructors
Christopher T. Wills
Chris is a partner with MillerSearles LLC. He has been affiliated with the firm, as well as its predecessor, for over 20 years. Prior to that time, Mr. Wills had approximately 4 years of "Big 4" experience in a tax department with KPMG Peat Marwick. He graduated in 1989 from the University of Maryland with a Bachelor of Science degree, Magna Cum Laude.
Mr. Wills' primary area of expertise includes individual and corporate tax planning and consulting. He is the tax partner in the firm who spends much of his time researching technical tax issues as well as reviewing business and individual tax returns. He has worked with numerous industries including warehousing and logistics, health care, and retail and wholesale sales.
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