The Best Federal Tax Update Course by Surgent
Online
8.00 Credits
Member Price $299.00
Non-Member Price $424.00
Overview
In this continually revised course, tax advisors will be fully updated on the most recent enacted legislation and IRS guidance, as well as major trends on the horizon with a view toward planning considerations. This update course is designed for all practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BITU.
Objectives
- Understand the latest enacted tax law changes
- Understand strategies and techniques to use in light of tax changes
- Understand current cases and rulings affecting individuals and businesses
Highlights
- Congressional Budget Reconciliation Process - explore how this powerful legislative tool allows Congress to fast track tax law changes and how it could be used to enact significant tax reforms in the current political climate
- President Trump's tax proposals - review key components of President Trump's tax agenda, including a tip income exemption, overtime pay relief, Social Security tax exemption, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, restoration of 100% bonus depreciation, immediate R&D expensing, and permanent extension of select TCJA provisions
- Potential expiration of select TCJA provisions - understand the implications for individual and business taxpayers as key provisions of the TCJA approach sunset dates
- Tariff policy and implementation - analyze the use of tariffs as a fiscal and trade policy tool
- Digital assets and tax implications - understand the new Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies, NFTs, and broker responsibilities
- Artificial intelligence - discover how AI and generative tools are transforming tax practices, as well as how the IRS is leveraging AI to enhance audit selection
- Form 1099-K reporting requirements - understand the evolving IRS thresholds and rules for third-party payment platforms
- Sale of Passthrough Entity Interests and Net Investment Income Tax - analyze the tax implications of selling interests in passthrough entities, including relevant examples, and how the Net Investment Income Tax (NIIT) applies to these transactions
- The Gig Economy - examine key tax implications for gig workers, including Independent Contractor vs. Employee classification challenges, reporting responsibilities, and the impact of the 2024 Department of Labor Final Rule on worker status
- Timely coverage of breaking tax legislation
- 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
Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional
Prerequisites
Experience with individual and business clients
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Robert Lickwar Jr., Partner, UHY Advisors, NE, LLC
Bob has over 30 years of experience as a practicing CPA, andhas worked exclusively with privately held businesses and owners to provide compliance services and sophisticated tax planning strategies including like-kind exchanges, tax-efficient workouts and restructurings, reorganizations and estate planning services. Bob is also a nationally recognized presenter on various tax issues and is a well-known discussion leader providing continuing education seminars to tax professionals. PROFESSIONAL EXPERIENCE: •Extensive experience in dealing with tax authorities at both the federal and state levels •Develops tax-favored and other retirement plans for clients •Assists in developing tax efficient succession transitions, including acquisitions and sales of businesses •Expertise in the taxation of small businesses and their owners, specializing in many areas of domestic taxation, including real estate, multi-state, business and individual taxation BACKGROUND: •Licensed CPA in the state of Connecticut •M.S. in Taxation, University of Hartford •B.S. in Accounting, Central Connecticut State University THOUGHT LEADERSHIP: •Nationally recognized presenter on Federal and State Taxation issues •Quoted in “Everything to Know About the New $3,000 Child Tax Credit”, U.S. News & World Report, March 2021 •Moderated “The CARES Act and Its Impact on Your Business and Benefit Plans”, UHY Webinar, February 2021 •Quoted in “IRS backlog causing problems for taxpayers”, Marketplace, February 2021 •Quoted in “IRS Rule Would Make Managing Trusts, Estates More Efficient”, Bloomberg Tax, May 2020 •Speaker for Berlin Continuing Adult Education small business seminars •Speaker for Farmington Continuing Adult Education small business seminars •Local radio station tax expert guest •Received the Author Award from the Connecticut Society of CPA’s State Tax Committee •Articles featured in the Taxation for Accountants, The Journal of Accountancy, and local newspapers
Non-Member Price $424.00
Member Price $299.00