Objective
- Understand the latest tax law changes
- Understand strategies and techniques for individuals to use in light of tax changes
- Understand current cases and rulings affecting individuals and businesses
Highlights
- Comprehensive coverage for the One Big Beautiful Bill Act (H.R.1), including a tip income exemption, overtime pay relief, Social Security tax exemption, temporary senior deduction, Trump accounts, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, bonus depreciation made permanent, increased S.179 deduction, changes to R&E expenditures, changes to S.163(j), qualified small business stock exclusion
- Digital Assets & Tax Implications--understand the new Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies, and broker responsibilities
- Artificial Intelligence--discover how AI and generative tools are transforming tax profession
- Sale of Passthrough Entity Interests & Net Investment Income Tax
- Timely coverage of breaking tax legislation
- The Gig Economy--Tax implications, Independent Contractor vs. Employee Classification, and employer reporting responsibilities
- Practice aids, including all the numbers applicable for the current year--inflation-adjusted amounts, mileage rates, retirement contributions, and more
- Advanced practice, reporting and other issues intertwined with advanced planning and discussion ideas
Designed For
CPAs who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional.
Prerequisite
Experience with individual and business clients.