Tax Season Update for Individuals with Steve Dilley

Overview

This program provides an update to the latest tax developments, rules and regulations impacting individual taxpayers, with a review and integration of the numerous 2021/22 legislation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

Basic working knowledge of individual taxation.

Objectives

After attending this presentation you will be able to...

• Apply practical strategies based on recent developments
• Identify and recall key compliance issues
• Identify and recall significant changes in tax forms

Highlights

The major topics covered in this class include:

• 2021/22 legislative developments, cases and rulings impacting individual taxpayers
• Changes to Form 1040 and other related forms, worksheets and schedules
• Individual income items, itemized deductions and credits
• Updated tax rate schedule and other inflation adjusted items
• Implications for self-employed taxpayers of various legislation
• Section 199A changes, including use of carryforward passive activity and 199A losses
• Capital gains and losses
• Passive activity and hobby loss rules changes