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!

Combining the real-life experience of working with numerous CPA firms and tax professionals around the country, as well as comprehensive easy-to-read materials containing pertinent examples and illustrations, this powerful course essentially becomes a “must” for those practitioners needing a forum to review client issues that arose during this busy season which will certainly go down as another one of the most difficult and confusing to-date, causing many returns to be extended (or, amended). Also, critical tax issues and mid-year planning strategies for 2024 will be thoroughly covered, along with the most important tax developments, cases, IRS rulings and regulations over the last 6 months that we maybe only had a chance to glanced at, given the bombardment of information and issues. Click here to view a detailed course description.

Topics & Learning Objectives Include:

• Updated Topics For 2024 Will Be Posted Shortly
• Comprehensive coverage of the Inflation Reduction Act of 2022 and the SECURE 2.0 Act of 2022
• Review of S corp owner basis requirement statement on Schedule E - Form 7203
• An overview of virtual currency, including recent developments
• Increased “luxury car” caps for 2023; Gain recognition on sale or trade-ins of used business vehicles
• New Form 3115 for “automatic consent” accounting changes and negative Sec. 481 adjustments
• IRS requirement for Form 1065 Schedule K-2 and K-3 reporting
• 80% bonus depreciation and Sec. 754 step-up elections
• New IRS audit effort focuses on partnership loss limitation rules
• Implementation of Sec. 461(l) “excess loss deduction” limits for 2023
• Impact of SALT cap on state passthrough entity tax (PTE) elections
• Interaction of SALT cap and “tax benefit” rule for state/local income tax refunds
• Return of 50% deduction for “restaurant meals”
• QIP issues with MACRS 15-year classification and eligibility for bonus depreciation
• Coverage of the latest IRS guidance and issues with Sec. 199A deduction

Click On The Video Below To View A Demo of Prof. Connors

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.