2024 Spring Tax Update for Individuals with Steve Dilley

Overview

This program provides an update to the latest tax developments, rules and regulations impacting and individual taxpayers, with a review and integration of the recent tax 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.

Prerequisites

Basic working knowledge of individual taxation

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments

Highlights

• Recent legislative developments, cases and rulings impacting individual taxpayers
• Changes to Form 1040 and other related forms, worksheets and schedules
• Individual income items, itemized deductions and credits; Tax rate schedule and other inflation adjusted items; Implications for self-employed taxpayers of various legislation
• Virtual currency reporting; SECURE Act 2.0
• Section 199A changes, including use of carryforward passive activity and 199A losses
• Capital gains and losses
• Passive activity and hobby loss rules changes