Description
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 materials include a review of individual income taxation including * The Child Tax Credit, Dependent Care Credit, Premium Tax Credit and Earned Income Credit * Forgiveness of debt * Charitable contribution deductions * The Kiddie Tax * Taxation of damage awards * Tax benefits for education, including the American Opportunity Tax Credit * Capital gains and losses * §1031 exchanges * Qualified opportunity funds * Gain exclusion upon sale of principal residence * Qualified plans and individual retirement accounts (including changes made by SECURE Act 2.0) * Interest deductions, including the home mortgage interest deduction * Medical expenses * Deduction for state and local taxes * Home office deductions * Hobby losses * The passive activity limitations * Significant 2025 developments, including * Any new 2024 legislation, court cases, rulings and other non-legislative developments, including new guidance on qualified plans, RMDs, virtual currency, green energy credits, and much more * Planning ideas, including planning with new tax legislation.
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
Details
Check in for all in-person events begins one hour prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.Sheraton Imperial Hotel Raleigh-Durham Airport at Research Triangle Park
4700 Emperor Blvd I-40 #282
Durhan, NC 27703
919-941-5050
Objective
This course is designed to * Provide explanations and planning ideas relating to the latest individual income tax developments, including the most recent guidance on new tax law provisions * Help practitioners prepare for “tax season" * Review various tax law provisions that tend to be problem areas for practitioners and clients.
Credit Types
- Taxes: 8
Event Speaker(s)
- CLE
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Members | $300.00 |
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Other State Society | $300.00 |
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Non Members | $500.00 |
Registration Fees
| Registration | Type | Price |
|---|---|---|
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Members | $300.00 |
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Non Members | $500.00 |
| F0000225: Individual Tax Update - Early Bird Registration - Cutoff: 11/26/25 | Other State Society | $300.00 |
| F0000225: Individual Tax Update - Registration | Members | $350.00 |
| F0000225: Individual Tax Update - Registration | Non Members | $555.00 |
| F0000225: Individual Tax Update - Registration | Other State Society | $350.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.