The Best Individual Income Tax Update Course by Surgent
Overview
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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.Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BFTU.
Highlights
Major Topics
- Comprehensive coverage of the Inflation Reduction Act, including: The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified CommercialClean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, Premium TaxCredit, Elective Payment, Transferability, and Prevailing Wage and Apprenticeship Requirements
- Comprehensive coverage of the SECURE 2.0 Act, including: Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for MandatoryDistributions, New Exceptions to Penalty-Free Withdrawal from Retirement Plans, and recent IRS guidance
- Timely coverage of breaking tax legislation
- Detailed analysis and examples of Sale of Passthrough Entity Interest and Net Investment Income TaxThe Gig Economy -- Tax implications, Independent Contractor vs. Employee Classification, and the 2024 DOL FinalRule
- Real Estate professional requirements
- 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 discussiondeas
Prerequisites
Experience in individual tax planning
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
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
Preparation
None
Leader(s):
Leader Bios
Deborah Phillips, Surgent McCoy
Deborah A. Phillips, CPA, MST, operates her own tax controversy practice where she specializes in partnership and S corporation tax law as well as IRS audits and procedures. Debbie recently retired from the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS), where she was a Senior Manager in the Flow Through Issue Practice Group (IPG). The IPG specializes in S corporation and partnership tax issues for LB&I. Debbie worked for the IRS for over 31 years, and she has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations and Technical Assistant to the Deputy Commission International, the Technical Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry, and the IRC Section 263A Technical Advisor.
Debbie taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 17 years as well as a textbook author.
Debbie earned her master's degree in taxation from Widener University.
Non-Member Price $410.00
Member Price $285.00