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 2025 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 2025 * FinCEN’s beneficial ownership information reporting rules * Regulations modifying the required minimum distribution (RMD) rules for 2025 * An analysis of 2025 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 2025 * 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.
Required Knowledge: At least one tax season
Advanced Preparation: At least one tax season
Who Should Attend: Individuals who prepare individual income tax returns or who engage in individual income tax planning