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.
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
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 Field of Study: Taxes(8) CFP Credit: Yes