Instructor
In this course, we review: Current Year Developments, Recurring Problems, and Planning Ideas. Using a
Combination of Humor and Examples, We Will Focus on Tax Developments
That Affect 2023 Individual Income Tax Planning And Return Preparation.
Please note – materials for this event will be provided electronically ONLY. Please feel free to bring your own device to view the materials. We recommend that you download them prior to the event date rather than onsite.
This Course Is Designed To: 1) Provide Explanations And Planning Ideas
Relating To The Latest 2023 Individual Income Tax Developments, Including
The Most Recent Guidance On New Tax Law Provisions; 2) Help Practitioners
Prepare For “Tax Season;” And 3) Review And Update Various Tax Law
Provisions And Planning Ideas Affecting Individuals.
The Materials Include A Review of Individual Income Taxation Including:
● The Child Tax Credit, Dependent Care Credit, Premium Tax Credit and
Earned Income Credit; Tax Free Forgiveness Of Student Loans; Charitable
Contribution Deductions; The Kiddie Tax; Taxation of Damage Awards; Tax
Benefits For Education Including The American Opportunity Tax Credit;
Capital Gains And Losses; §1031 Exchanges; Qualified Opportunity Funds;
Gain Exclusion Upon Sale Of Principal Residence; Qualified Plans and
Individual Retirement Accounts (including changes made by SECURE Act
2.0); Interest Deductions, Including The Home Mortgage Interest
Deduction; Medical Expenses; Deduction For State And Local Taxes;
Home Office Deductions; Hobby Losses; and The Passive Activity
Limitations.
Significant 2023 Developments Including: Any New 2023 Legislation; New
2023 Electric Vehicle Credits and Credits for Energy Efficient
Improvements to Residences and Rental property; Regulations, Court
Cases, Rulings And Other Non-Legislative Developments Such As the New
Regulations Modifying The Required Minimum Distribution (RMD) Rules
For 2023, and Much More.
Planning Ideas, Including Planning With New Tax Legislation.
At Least One “Tax Season.”
Individuals who prepare individual income tax returns or who are involved in individual income tax planning.