Don Farmer's 2024 Federal Tax Update

Monday, December 09, 2024
8:00 AM - 4:00 PM (opens at 7:30 AM) EST
8Credits
Technical Business

Registration is Open

Members
$350.00 Regular Price
Non-Members
$475.00 Regular Price
Course Type: CPE Seminars
Course Code: 24/3-204W
Level: Update
Vendor: Virginia Society of CPAs
Field of Study: Taxes

Overview:

*** Save 15% on this event when you use the code FALL24 at checkout ***

In this course, we review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. We will emphasize all major new tax legislation as well as other significant tax developments that affect 2024 tax return preparation and 2024 tax planning for individuals, corporations and non-corporate businesses. The course format is designed to update CPAs with various levels of experience.



Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Update

Objectives:

To review major developments in federal income taxation for individuals, corporations, and other businesses having the greatest impact on participants, their clients, and their companies. The course will emphasize developments affecting 2024 returns and tax planning, including any new 2024 legislation, important regulations, rulings, and court cases. The seminar is designed to update participants concerning 2024 tax developments emphasizing practical solutions to problems and tax planning opportunities.

Presenters:

Presenters:

Don Farmer

Read more about Don Farmer here

Major Topics:

• A review of the latest new law provisions affecting 2024 returns including developments relating to SECURE 2.0 and the Inflation Reduction Act
• A review of any tax legislation enacted in 2024
• FinCEN's beneficial ownership information reporting rules
• Regulations modifying the required minimum distribution (RMD) rules for 2024
• An analysis of 2024 developments relating to energy credits, including energy efficient improvements to residences and developments concerning electric vehicles
• Employee Retention Credit Developments
• 1099-K reporting rules for 2024
• Digital asset developments
• New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses. The presentation will emphasize tax planning opportunities resulting from these recent developments.

Major Topics:

• A review of the latest new law provisions affecting 2024 returns including developments relating to SECURE 2.0 and the Inflation Reduction Act
• A review of any tax legislation enacted in 2024
• FinCEN's beneficial ownership information reporting rules
• Regulations modifying the required minimum distribution (RMD) rules for 2024
• An analysis of 2024 developments relating to energy credits, including energy efficient improvements to residences and developments concerning electric vehicles
• Employee Retention Credit Developments
• 1099-K reporting rules for 2024
• Digital asset developments
• New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses. The presentation will emphasize tax planning opportunities resulting from these recent developments.

Designed For:

Individuals with experience with one or more tax season(s) who have a general understanding of individual, corporate and business income taxation who are involved in the preparation and/or review of individual, corporate and business income tax returns or who provide tax planning advice to individuals and businesses

Prerequisites:

None

Accommodations:

VSCPA