2024 Individual Tax Update - Prof. Connors Everything You Need to Know for 2024 Form 1040
(Full-Day or 2 Half-Days)
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(Full-Day or 2 Half-Days)
CREDITS: 8
CATEGORY: Taxation
SPEAKER: Prof. John Connors, JD, CPA, LLM
DATE: Any Day or 2 Half-Days 12/22-26 or 12/29-31
or Tuesday January 7, 2025 or 2 Half Days 1/7 & 1/8
or Any Day or 2 Half-Days Mon.-Thu. January 27-30
Any Day or 2 Half-Days Mon.-Thu. February 10-13
TIME: Full Day Option: 8:50 A.M. - 5:10 P.M. Eastern
8:50 - 10:45 Welcome & Lecture
10:45 - 11:00 Coffee Break
11:00 - 12:30 Lecture
12:30 - 1:30 Lunch (on your own)
1:30 - 3:15 Lecture
3:15 - 3:30 Coffee Break
3:30 - 5:00 Lecture
5:00 - 5:10 Wrap-up
Half Day Option: View Anytime Between 9AM-5PM Eastern on each day.
LOCATION: All New (Fall 2024) Pre-Recorded Webinar With Live Q&A
NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!
This powerful course will provide you with the most up-to-date explanations available for the year-end tax planning, and preparation for the upcoming 2024 tax season. This course will review all of the latest developments, including cases, rulings, procedures, and regulations affecting individual taxpayers. The instructor will highlight all new tax laws and changes for 2024, including the Corporate Transparency Act and SECURE Act 2.0. Clearly - your entire staff must attend this seminar. All seminar attendees will receive a combined Individual & Business tax manual - 550 pages!! THIS IS A MUST-HAVE REFERENCE FOR TAX SEASON (includes hyperlinks to all original source docs).
Click here to view a detailed course description.
Click here to view a detailed table of contents for the Combined 2024 Business & Individual Manual.
Topics & Learning Objectives Include:
- Comprehensive coverage of the Inflation Reduction Act and the SECURE 2.0 Act and impact on preparation of 2024 tax year returns
- Corporate Transparency Act - New reporting requirement for beneficial owners of all entities
- Cryptocurrency - Update of virtual currency requirements, including recent developments
- Gig Economy -- Tax implications, Independent Contractor vs. Employee Classification, and 2024 DOL guidance
- Comprehensive review of retirement planning strategies; RMDs, QCDs
- Tax provisions expiring or being phased out
- Increased “luxury car” caps for 2024; Gain recognition on sale or trade-ins of used business vehicles
- Inflation-adjusted Sec. 461(l) “excess loss deduction” limits for 2024
- Carryover of Sec. 199A EBLs and Sec. 461(l) NOLs; Impact of death, divorce or remarriage on tax attributes
- Interaction of SALT cap and “tax benefit” rule for state/local income tax refunds
- Avoiding $10,000 SALT cap w/ “passthrough entity tax election”
- Coverage of the latest IRS guidance and issues on 20% QBI deduction
- Review of S corp owner basis requirement statement on Schedule E - Form 7203
- Sales of passthrough entity interests
- Update on 3.8% Medicare surtax on net investment income
- PAL “grouping election” v. Sec. 199A “aggregation election”
- Tax planning with donor-advised funds; new $105,000 limit
- Revised Form 3115 for “automatic consent” accounting changes and negative Sec. 481 adjustments
- Comprehensive coverage of latest legislative developments, IRS guidance and Tax Court decisions
- All of the latest tax developments including cases, regs, IRS rulings and procedures will also be covered along with valuable planning suggestions for clients’ current 2024 tax year
- And Much More.....
- NEW TAX STRATEGIES & PLANNING HEARD NOWHERE ELSE
- Click here to view a detailed table of contents for the Combined 2024 Business & Individual Manual
Prof. John Connors is one of the most knowledgeable tax lecturers in the nation. He has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.
- Program Level: Intermediate
- Prerequisites: Basic Knowledge of Individual Taxation
- Advance Preparation: None Required