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Individual Tax Developments (LITX26/24)

Event Description

Income tax rules applicable to individual taxpayers change constantly. There are IRS Notices, Rulings, and Court decisions that modify the individual taxpayer’s compliance requirements, tax rates, credits, etc. since last year.

Designed For

Any CPA, EA, or Attorney responsible for advising individual taxpayers as to their federal tax obligation or assisting with preparation of Form 1040.

Objectives

Planning ideas to reduce an individual’s total tax burden, Comply with clear filing requirements, Avoid misunderstandings that lead to audit adjustments, be familiar with changes in forms, know how to use special reporting forms for unique income.

Major Subjects

Guidance, Tax Court Decisions clarifying some concept of tax law applicable to individual taxpayers, New Forms, New ways to handle common tax issues.