In this course, we review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. We will emphasize all major new tax legislation as well as other significant tax developments that affect 2023 tax return preparation and 2023 tax planning for individuals, corporations, and non-corporate businesses.
The course format is designed to update CPAs with various levels of experience.
Learning Objectives
In this course, we review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. We will emphasize all major new tax legislation as well as other significant tax developments that affect 2023 tax return preparation and 2023 tax planning for individuals, corporations, and non-corporate businesses.
The course format is designed to update CPAs with various levels of experience.
Major Topics
The major topics covered in this seminar include:
A review of the latest new law provisions affecting 2023 returns including provisions of the SECURE Act 2.0 and developments relating to the Inflation Reduction Act
A review of any late-breaking 2023 tax legislation
New regulations modifying the required minimum distribution (RMD) rules for 2023
An analysis of the new 2023 energy credits for energy efficient improvements to residences and rental property
Electric vehicles qualifying for EV credits
IRS’s new Employee Retention Credit Training Guide
1099-K reporting
Digital asset reporting rules
New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses.
The presentation will emphasize tax planning opportunities resulting from these recent developments.
