Year-End Update for Tax Professionals

General Description:

This intensive one-day course provides return preparers with the most current information available to prepare for the upcoming tax season. Emphasizing the relationship between tax law changes and the forms which are affected, this class will include individual, S corporation, partnership, and estate and trust issues. Forms and supporting schedules discussed include 1040, 1065, 1120S, and 1041. This is a great way to start off the busy ­season!

Learning Objective:

After completing this course the participant will be able to:

• Discuss the latest tax changes that affect individuals, including the Inflation Reduction Act, the Corporate Transparency Act, and the CAA of 2023, and all other new tax legislation enacted by the Trump administration.
• Review Form 1040 and all supporting schedules.
• Discuss the latest tax changes that affect S corporations, Form 1120S, and all supporting schedules, such as Form 7203 and the PTE election.
• Discuss the latest tax changes that affect partnerships, Form 1065, all supporting schedules, the PTE election, and using Form 7217 for distributions of property.
• Discuss the latest tax changes that affect estates and trusts, Form 1041, all supporting schedules, and excess deductions in the year of termination.

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

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