2024 Virtual Tax Review & Update Highlights

This year's Fall Review & Update webinar will cover virtually all chapters of the Big Book of Taxes, with a focus on the most crucial issues for preparing 2024 returns and amending prior year returns. As new legislation is expected to be passed during 2025, any relevant tax issues will be added to the Big Book of Taxes and included in the seminar. 

Here are highlights of this year’s Fall Review & Update webinar:

• Cap & Repair Regs – Seems many practitioners have forgotten the many tax expensing benefits included in the regs. Seminar will include a short refresher.
  
  
• Safe Harbor Incremental Costs – The safe harbor incremental cost when computing the Sec 45W credit for commercial EVs weighing less than 14,000 pounds.
  
  
• “Mega” Back Door Roth Conversions – A down-to-earth explanation of “Mega” back door Roth conversions of qualified employer plans such as 401(k)s.
  
  
• Used EV Credits – Limited opportunity.
  
  
• EV Credit Transfer to the Dealer – What your clients need to be aware of.
  
  
• Trust Jurisdiction – Considerations in making the decision.
  
  
• Avoiding the Kiddie Tax – Highlighting the steps parents and children can take to avoid the kiddie tax.
  
  
• Sunsets – A review of the host of tax provisions expiring in the next 2 years.
  
  
• SECURE 2.0 – The SECURE 2.0 Act’s numerous delayed provisions.
  
  
• Non-Resident and Resident Alien Tax Prep – Knowing the options.
  
  
• What To Do if You Have a Data Breach – Things you need to do to mitigate problems.
  
  
• Amending a Return Prepared by Another – Unexpected liabilities
  
  
• Converting a Home to a Rental & Vice Versa – Including to later sale.
  
  
• Per Diem – Adjustment options for partial days.
  
  
• Home Office – Making the right choice: regular or simplified method.
  
  
• Repainting – Capitalize or expense.
  
  
• Corporate Transparency Act – Reporting Beneficial Owner Information (BOI)
  
  
• Roth 5-Year Aging Period – Isn’t really five years.
  
  
• Exceptions To the Early Distribution Penalty – Numerous new exceptions
  
  
• Sec 529 Plan Roth Rollovers - Effective in 2024
  
  
• Qualified Charitable Contributions (QCD) Tax Trap – What you need to know to correctly advise clients.
  
  
• Longevity Annuity – Final Regulations
  
  
• Increased SIMPLE Contributions - Effective in 2024
  
  
• Pension Linked Emergency Savings Accounts (PLESAs) - Effective in 2024
  
  
• 10-Year Beneficiary Distribution Rule – Final penalty exception.
  
  
• Employer Matching Pension Contributions – Based on student loan payments
  
  
• Charitable Contributions – Use of a capital item.
  
  
• SE Tax – When it does and doesn’t apply.
  
  
• Claim of Right – Understanding this beneficial tax provision.
  
  
• Residential Energy Credit – What improvements qualify and for how much.
  
  
• Saver’s Credit – Bye bye credit, hello contribution plan coming in 2027
  
  
• Crypto Broker Reporting – IRS developing a new 1099 specifically for digital assets.
  
  
• Energy Efficient Property Rebates – Are they taxable?