Individual Tax Update & Recent Developments - Fall 2024

Overview

This program provides an update to the latest tax developments, rules and regulations affecting individual taxpayers, including a review and integration of late 2023 -24 legislation.  

**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 individual taxation

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments
• Apply changes to Form 1040 and related schedules

Highlights

• Update and integration of recent tax legislation impacting 2024 individual returns
• Update on significant individual tax developments related to cases and rulings
• Individual tax changes including the earned income credit, child credit, and child and dependent care credit
• Section 199A changes, including use of carryforward passive activity and 199A losses and latest tax forms
• Crypto reporting update
• 2025 tax rate schedule and other inflation adjusted items; Passive activity and hobby loss rules changes