Overview
The latest tax developments decoded [bold]
Building on your current understanding of tax strategies, this comprehensive course covers all legislative, judicial, and IRS developments of the past year with a focus on implementation and compliance.
A curated list of updates to prepare you for tax season [bold]
All-new content includes:
The most salient court cases and IRS revenue rulings
Notices, FAQs, and private letter rulings
Chief counsel advice memoranda in 2023
You'll also find reminders about legislation that changed in 2023, including bonus depreciation limits, final regulations that go into effect, and more.
Recent cases affecting individuals, nonbusiness and general business matters shed light on pivotal updates for 2023. Topics include:
2023 inflation-adjusted rates
New and expanded individual and business credits
Employee-retention credit (ERC) warnings
New guidance on cryptocurrency and non-fungible tokens (NFTs)
Beneficial ownership information (BOI) requirements
Form 1099-K requirement changes
Prerequisites
Basic understanding of federal income taxation
Objectives
- Identify fringe benefits that are partially excluded from income.
- Recognize the inflation-linked adjustments to select business-related deductions.
- Identify the correct 2023 rate tables and standard deduction applicable to filers.
- Recognize the beneficial ownership regulations that go into effect in 2024.
- Identify new and expiring business tax credits for 2023.
- Recognize the impact of recent IRS notices and PLRs that pertain to C corporations.
- Identify new final and proposed regulations relating to C corporations.
- Recognize newly released or effective final and proposed regulations that pertain to partnerships.
- Recognize the impact of recent tax cases affecting partnerships.
- Recognize the requirements of an accountable plan.
- Identify the circumstances when an S election is terminated.
- Identify updated tax credits for 2023.
- Recognize developments in the treatment of cryptocurrency and NFTs.
- Identify the basis of assets transferred in trust upon the death of a trust's owner.
Highlights
Income taxation of estates and trusts
IRS administrative issues, compliance, and updated forms
Court cases settled in the last year that provide tax return guidance
IRS summons and notification requirements
IRS rulings, procedures and notices published in 2023
Fringe benefits
Hobby vs. business
Corporate AMT regulations
Register Now
Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.
