Individual Income and Tax Compliance Annual Update
Friday, June 07, 2024
Webcast or Webinar, Online
9:00 AM - 1:00 PM (opens at 8:30 AM) EST
4Credits
Technical Business
Registration is Open
Members
$213.00 Regular Price
Non-Members
$261.00 Regular Price
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Course Type: Webcast
Course Code: 24/AI509077
Level: Update
Vendor: AICPA CPE Division
Field of Study: Taxes
Overview:
The most pressing tax matters affecting individuals, estates, and trusts in 2023 [bold]With so many tax developments that come up during the year, it's hard to stay on top of every salient issue. In this all-new-for-2023 course, learners get a tailored list of updates that highlight only the most pertinent issues concerning individuals, estates, and trusts from the past year.
Insights to study before tax season [bold]
Learners are provided with in-depth explanations of budding issues that their clients may face.
From the treatment of non-fungible tokens (NFTs) as collectible property to the deductibility of certain medical care expenses, course materials dive into the latest IRS pronouncements and case law to help practitioners serve their clients.
Developments include:
Objectives:
- Identify the correct 2023 rate tables and standard deduction applicable to filers.
- Identify fringe benefits that are partially excluded from income.
- Recognize the 2023 COLA adjustments related to retirement plans.
- Identify the correct standard mileage rate for different categories of mileage in 2023.
- Identify updated tax credits for 2023.
- Recognize developments in the treatment of cryptocurrency and NFTs.
- Recognize the IRS's authority to issue summons.
- Recall hobby loss rules.
- Recognize the tax treatment of certain medical expenses.
- Identify the basis of assets transferred in trust upon the death of a trust's owner.