99. 2023 Federal Tax Update and Review - 2 Part Course | Webinar
- Course Description
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**COURSE SPANS 2 DAYS BEGINNING 11/30/2023 & ENDING 12/1/2023**
IRS CPE: 4 Tax Law Topics/4 Tax Law Update CTEC CPE:4 Tax Law Topics/4 Tax Law Update NASBA CPE: 8 Taxes
The Annual Fall Update and Review Course covers the changes taking place that are needed for the preparation of 2023 Federal Income tax returns and beyond. The session will review any important new provisions and changes enacted by Congress during 2023, as well as IRS administrative actions. In addition, it will cover the provisions taking effect in 2023 as a result of the Inflation Reduction Act of 2022 and will specifically address the home energy provisions under §25C and §25D reportable on IRS form 5695.
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The course will also cover the new provisions dealing with electric vehicles under §30D and the limitations based on modified AGI as well as the new credit for qualifying previously owned electric vehicles.
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The course will also address all the provisions which are annually indexed to inflation and subject to phase-out-based on the taxpayer’s AGI and modified AGI, and filing status.
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The course will address IRS Notices, Revenue Procedures, Revenue Rulings and Regulations applicable to the small firm’s practice.
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The course will also address the current reporting requirements for issues surrounding the changes made for reporting on Form 1099-K, as well as the new issues concerning broker reporting of cryptocurrencies.
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The course will review any applicable Tax Court rulings that impact individual and small business taxpayers.
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Draft 2023 forms will be reviewed.
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- Learning Objectives
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At the conclusion of the course, the participant will have obtained a better working knowledge of any new Legislation and specific provisions enacted in the IRA of 2022 for energy savings for homeowners and purchases of electric vehicles. In addition, participants will have reviewed the most important 2023 draft IRS forms and will be ready to tackle the 2024 filing season.
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Your certificate will be emailed to you within 10 business days of the completion of the course.
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