2024 Year-End Tax Planning: Thinking Outside the Box

Overview

Tax planning is more than an estimated tax calculation, it's a process.  Where are we now and what can we change?  This timely program will highlight significant 2022-23 tax developments and discuss key tax planning ideas for your clients as you prepare for the upcoming tax season. Don’t wait until late December to start planning for your clients!

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of the tax return preparation

Objectives

• Identify the "hot issues" facing tax practitioners in planning for client returns
• Apply key concepts to special client situations
• Identify recent legislation and developments

Highlights

• Discuss the most recent tax legislation, rulings and developments
• Section 163(j) interest expense deduction
• New 21% corporate tax rate
• Medicare tax on high income wages and SE income
• Tax provision and extensions
• Timing income and deductions
• Alternative minimum tax (AMT) issues