Both businesses and individual clients will be affected by all of the tax changes that require the tax advisor to engage in extensive tax planning. Not only will you be updated on the most important tax issues that require your attention, but this course will also review the major trends and changes in the case and regulatory law. Included is full coverage of all tax changes with a view toward planning.

Major Topics:

  • New proposals on tax law changes
  • New tax on net investment income: planning to avoid the pitfalls
  • Health care reform: where it stands now
  • Cases and rulings affecting individual taxpayers
  • Practice aids, including the 2015 inflation-adjusted amounts, mileage rates, and more
  • Recent developments with business entities, including C corporations, S corporations, partnerships, and limited liability companies
  • The latest issues related to passive activities
  • Substantiation: the Service’s attack on record-keeping
  • Review of the year’s most important tax cases, revenue rulings, PLRs, etc.
  • Year-end tax planning

Learning Objectives:

  • Understand strategies and techniques for individuals to use in light of tax changes
  • Understand how the net investment income tax applies, and strategies and techniques that can mitigate it
  • Understand current cases and rulings affecting individuals and businesses

Designed For: CPAs who need to know the latest tax law changes in all areas of practice
Level of Knowledge: Update
Prerequisite: Experience with individual and business clients
Advanced Preparation: None
Credits: 8