Event Registration - North Dakota CPA Society
MNCPA Federal Tax Update: Individual and Business Current Developments
1/13/20258:30 AM - 4:30 PM CST
Location: Live Virtual
Event Description
With the increasing complexity and ever-changing nature of tax laws and issues, today's accountant needs a one-day fast-paced update course focusing on the hottest federal income tax topics affecting individuals, businesses and their owners with an emphasis of newly enacted income tax legislation. This fast-paced session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures and private letter rulings affecting individuals and businesses.
Major subjects
Learning objective(s)
Who should take this program?
Tax accountants in public or private practice in need of a power-packed federal individual and business income tax update course
Prerequisites: Background in individual and business income tax law
Advance prep: None
Area of study: Taxation
Field(s) of study: Taxes - Technical (8.0)
Level: Update
Format: Group Internet Based
Instructor: J. Patrick Garverick, CPA, MT, CFP
J. Patrick (Pat) Garverick, CPA, MT, CFP, after receiving his Master of Taxation (MT) degree from Arizona State University in 1992, began operating his own tax and financial planning business. In 1993, Pat started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country. As an award-winning speaker and author, Pat's knowledge, expertise and high energy has made him one of the profession's highest rated speakers.
Member Price: $349
Non-member Price: $449
*Prices will Increase by $50 on 1/14
Major subjects
- Newly enacted income tax legislation
- Issuance of income tax regulations
- Court cases
- IRS notices
- Revenue procedures
- Private letter rulings affecting individuals and businesses
Learning objective(s)
- Understand the major federal income tax laws impacting individuals, C and S corporations, partnerships, LLCs and LLPs
- Identify and comprehend any newly enacted legislation, changes and IRS guidance affecting individual and business income tax returns
- Discuss the most recent individual and business income tax legislation passed to date
- Walk through major tax changes to corporations, partnerships and/or individuals and any changes to the income tax forms and other related schedules
- Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs, Section 461(l) business loss limitations, accounting method changes, depreciation, retirement plans, fringe benefits and entertainment expenses
- Brush up on the individual and business income tax rates (e.g., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax)
- Discuss other individual income tax topics and changes to filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income and income tax credits (e.g., child tax credit and dependent care credit)
- Walk through the NEW final required minimum distribution (RMD) regulations
- Review other important IRS audit areas such as basis and at-risk limitations for S shareholders and partners, passive activity losses and real estate professionals and self-employment taxes
Who should take this program?
Tax accountants in public or private practice in need of a power-packed federal individual and business income tax update course
Prerequisites: Background in individual and business income tax law
Advance prep: None
Area of study: Taxation
Field(s) of study: Taxes - Technical (8.0)
Level: Update
Format: Group Internet Based
Instructor: J. Patrick Garverick, CPA, MT, CFP
J. Patrick (Pat) Garverick, CPA, MT, CFP, after receiving his Master of Taxation (MT) degree from Arizona State University in 1992, began operating his own tax and financial planning business. In 1993, Pat started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country. As an award-winning speaker and author, Pat's knowledge, expertise and high energy has made him one of the profession's highest rated speakers.
Member Price: $349
Non-member Price: $449
*Prices will Increase by $50 on 1/14
