Current Federal Tax Developments

Description

This fast-paced, one-day course covers the latest developments in federal taxation, updated bi-weekly, with emphasis on real-world applications. The program offers an in-depth of important items covered during the preceding twelve months on Kaplan's Current Federal Tax Developments website. Emphasis on current issues, planning, and strategy keeps participants interested all day. Participants will learn how to avoid penalties, how to use IRS "Frequently Asked Questions" to answer tough questions relating to new laws and how to plan with regulations. It will include other guidance issued on recently passed legislation and much more.

Highlights

Tax Cuts and Jobs Act-what is the continuing impact in terms of new and revised regulations and rulings
Tax legislation passed by Congress
New Treasury Regulations, Revenue Procedures, Revenue Rulings, Notices, and so on
Letter Rulings and Technical Advice Memoranda of interest to clients
Court decisions that affect average taxpayers who retain the services of a CPA
IRS Initiatives, Audit Technique Guides, Office of Professional Responsibility, and other targeted programs
Practice aids, checklists, examples, and new forms

Objectives

Participants will be able to:
Understand and work with tax law changes
Analyze court decisions, IRS Notices, revenue rulings, and revenue procedures for application to clients' tax planning and compliance
Be aware of IRS audit issues
Assess pending legislation
Anticipate and create opportunities for tax reduction
Avoid penalties IRC Sec. 6662 imposes on careless taxpayers

Designed For

Tax advisors in public practice and corporate tax departments who want an up-to-the minute review of federal tax developments delivered in plain English.