Easy Federal Tax Update – 2023
This 2023 federal tax update course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and a way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.
Major Topics:
* Tax brackets
* Tax credits
* Deductions
* Education credits
* Business deductions & credits
* Retirement plan contribution and phaseout limits
* SECURE Act provisions
* Gift and estate taxes
* Inflation Reduction Act
Course Information
Price: $70
This course is included in our Mega CPE Special and our Unlimited Tax Bundle
Course No. M149
Format: Online pdf (235 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 8 hrs.
Field of Study: Taxes: Technical
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: January 2023
Objectives
- Recognize the various issues affected by inflation and recent tax law developments especially as they relate to individual tax brackets, ex-emptions & deductions, the AMT, the child tax credit, alimony, HSAs, education plans, and energy credits.
- Determine the key business tax issues affected by inflation adjust-ments and recent legislative changes, including corporate tax rates, en-tertainment expenses, tax credits & deductions, bonus depreciation, expensing, standard mileage rates, employment taxation, repatriation of foreign income, small business stock, partnership taxation, and ex-cessive compensation.
- Specify differences between various retirement plans, including inflation-adjusted contribution limits and phaseout limits, and deter-mine estate taxes by identifying trust income tax rates and determining applicable exclusion amounts.
- Apply changes imposed by the Inflation Reduction Act (IRA) relating to credits allowed for the individual acquisition of qualified electric vehicles and energy-efficient home improvements and property.
- Recognize a wide spectrum of renewable energy credits and the application of the prevailing wage and apprenticeship requirements.
- Specify key IRA business and Medicare provisions, including energy-efficient buildings, corporate AMT, loss limits, and drug reforms.
Ratings and Reviews
Terri Washburn
Well written and organized. Will be easy to use as reference for client conversations and return preparation and guidance. Highly recommend this course if you prepare individual or small business taxes.
The contents and information given are immense. Learned a lot every time.