Don Farmer's Federal Tax Update - Florida Institute of CPAs

Overview

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Join us for Don Farmer's Federal Tax Update — an engaging and informative course that will keep you up-to-speed on the latest tax developments. Using a blend of humor and practical examples, we'll walk through the most significant new tax legislation and updates affecting individual, corporate and business income taxation.

This course emphasizes the key changes that impact tax return preparation and planning. Whether you’re advising individuals, corporations or non-corporate businesses, you’ll leave with actionable insights and strategies to navigate the evolving tax landscape with confidence. It’s a relaxed, enjoyable way to stay current on tax law while sharpening your skills for the year ahead.

Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Update

Virginia Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Highlights

The major topics covered in this seminar include: 1) A review of the latest new law provisions affecting returns including developments relating to SECURE 2.0 and the Inflation Reduction Act; 2) A review of any tax legislation enacted in 2024; 3) FinCEN’s beneficial ownership information reporting rules; 4) Regulations modifying the required minimum distribution (RMD) rules; 5) An analysis of developments relating to energy credits, including energy efficient improvements to residences and developments concerning electric vehicles; 6) Employee Retention Credit Developments; 7) 1099-K reporting rules; 8) Digital asset developments; 9) New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses. The presentation will emphasize tax planning opportunities resulting from these recent developments.

Prerequisites

None

Designed For

Individuals with experience with one or more tax season(s) who have a general understanding of individual, corporate and business income taxation who are involved in the preparation and/or review of individual, corporate and business income tax returns or who provide tax planning advice to individuals and businesses

Objectives

To review major developments in federal income taxation for individuals, corporations, and other businesses having the greatest impact on participants, their clients, and their companies. The course will emphasize developments affecting returns and tax planning, including any new legislation, important regulations, rulings, and court cases. The seminar is designed to update participants concerning tax developments emphasizing practical solutions to problems and tax planning opportunities.