Individual Tax Update & Recent Developments - Fall 2024

Overview

This program provides an update to the latest tax developments, rules and regulations affecting individual taxpayers, including a review and integration of late 2023 -24 legislation.  

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Update and integration of recent tax legislation impacting 2024 individual returns
• Update on significant individual tax developments related to cases and rulings
• Individual tax changes including the earned income credit, child credit, and child and dependent care credit
• Section 199A changes, including use of carryforward passive activity and 199A losses and latest tax forms
• Crypto reporting update
• 2025 tax rate schedule and other inflation adjusted items; Passive activity and hobby loss rules changes

Prerequisites

Basic working knowledge of individual taxation

Designed For

CPAs in public practice and members in industry seeking an update on the latest individual tax developments

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments
• Apply changes to Form 1040 and related schedules

Preparation

None