In this course, we review current year developments, recurring problems and planning ideas. Using a combination of humor and examples, we will focus on tax developments that affect 2024 individual income tax planning and return preparation. The major topics covered in this seminar include: * 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.

Event Level: Update
Who Should Attend: Individuals who prepare individual income tax returns or who engage in individual income tax planning.
Required Knowledge: At least one tax season
Advanced Preparation: At least one tax season
Vendor: Don Farmer
Speaker: Farmer, Don