Individual Federal Tax Update - Navigating the Current Tax Landscape

Overview

Stay up to date with the ever-evolving realm of individual income taxation in this essential course tailored for tax practitioners seeking to enhance their knowledge. This course offers an in-depth review of the complexities surrounding Form 1040 for the current tax year. Delve into the recent changes and updates within the tax code, providing you with a comprehensive understanding of the shifting tax landscape. Our course ensures you are well-prepared to assist your clients by navigating the most recent tax changes, regulations, and guidelines.

Prerequisites

A general understanding of filing IRS Tax Form 1040

Objectives

• Discuss how to complete IRS Form 1040 and other individual income tax returns for the tax season.
• Identify and apply recent changes and updates in the tax code to ensure accurate and compliant tax filings.

Highlights

• In-depth exploration of crucial IRC Sections.
• Thorough assessment of recent changes and updates in individual income taxation.
• Unveiling new credits, deductions, and tax relief opportunities.
• Addressing complex income issues.
• Analyzing income and exclusions related to specific tax scenarios.
• Comprehensive examination of itemized deduction intricacies.
• Navigating health-related considerations.
• Maximizing benefits from tax incentives and deductions.
• Grasping the implications of recent regulatory shifts.
• Delving into specific tax planning strategies.