Surgent's Weekly Expert Hour (Original Air Date: 1/13/22)

Overview

As financial and tax professionals well know, information overload is a constant struggle we face because things change quickly, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.

We are all aware that the IRS, along with other state and federal regulators, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed, dissected, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick, concise format.

Each week, Mike and his co-presenters will dispense news on current events impacting taxes, finance, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.

Every financial professional will benefit from this series.

Highlights

Child Tax Credit
Form 7203, "S Corporation Shareholder Stock and Debt Basis Limitations"
Carried interests
IRS News Release 2021-217 – How to be prepared for filing 2021 returns in 2022
IRS Notice 2022-1 – IRS guidance regarding reporting of discharged student debt

Prerequisites

A general familiarity with the current financial climate

Designed For

Financial professionals who wish to be up to speed on the latest news affecting themselves and their clients