Seismic changes in tax legislation is currently taking place, and the well-informed tax practitioner will want to attend this two hour monthly program in order to stay abreast of these developments! Approximately one-half of the program is devoted to individual tax issues, and the remaining time is spend on business entity taxation, IRS procedure, tax legislation and other issues. Due to the changing nature of the topic, learning objectives, course descriptions and program content will vary and will be provided in more specificity closer to presentation time. This course provides a concise look at the hottest topics affecting every tax practitioner. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Recognize what constitutes digital assets.
- Determine the differences between cryptocurrency and NFTs.
- Identify the IRS forms needed to report digital asset contributions.
- Calculate the value of the contribution.
- Compare differences in required substantiation based on the amount of the contribution.
- Recall the latest rulings by the Treasury Department and courts on these contributions.
Major Topics
The major topics that will be covered in this course include:
- Court decisions covering partnership issues such as TEFRA, Statute of Limitations, Economic Substance, and Sec. 754 Elections.
- IRS procedural updates on passthrough entities.
- New developments on conservation easements.
