AICPA's Federal Tax Update

The IRS, U.S. Treasury, and U.S. Tax Court have been busy over the past year. This comprehensive course covers the past year's most salient legislative, judicial, and regulatory developments with a focus on implementation and compliance.

Topics are organized by affected taxpayer: individuals, general business entities, passthrough entities, C corporations, and estates and trusts. The course also covers key reminders for tax practitioners, including the impact of two U.S. Supreme Court rulings and the sunsetting of Tax Cuts and Jobs Act provisions. Whether you're looking to catch up on SECURE 2.0 required minimum distribution final regulations or beneficial ownership information reporting requirements, this course has what you need to enterthe next tax season.

Learning Objectives
When you complete this course, you will be able to:
• Identify the correct 2024 rate tables and standard deduction applicable to filers.
• Identify the impact of consequential U.S. Supreme Court rulings.
• Identify clarifications made to the Section 17 4 research and experimental
expenditures regulations.
• Recognize updates to retirement plans in 2024 that affect employers.
• Recognize updates to required minimum distribution requirements.
• Recognize the impact of recent tax cases on pass-through entities.
• Recognize recently released international tax guidance relevant to corporations.
• Recognize updates to the generation-skipping transfer tax.

Topics Discussed
• Inflation adjustments
• Tax Cuts and Jobs Act provisions sunset
• Moore v. United States and Loper Bright v. Raimondo
• Section 17 4 research and experimental expenditures
• Beneficial ownership information reporting
• New and updated tax credits
• SECURE 2.0 required minimum distributions
• Digital asset reporting
• Conservation easements
• International tax final regulations
• Generation-skipping transfer tax
• U.S. Tax Court cases