2024 Year-End Tax Planning: Thinking Outside the Box

Overview

Tax planning is more than an estimated tax calculation, it's a process. Where are we now and what can we change? This timely program will highlight significant 2022-23 tax developments and discuss key tax planning ideas for your clients as you prepare for the upcoming tax season. Don’t wait until late December to start planning for your clients!

**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.

Highlights

Discuss the most recent tax legislation, rulings and developments
Section 163(j) interest expense deduction
New 21% corporate tax rate
Medicare tax on high income wages and SE income
Tax provision and extensions
Timing income and deductions
Alternative minimum tax (AMT) issues

Prerequisites

Basic working knowledge of the tax return preparation

Designed For

Practitioners and members in industry seeking a general business and individual tax update or wishing to review key tax topics for planning and preparing client returns

Objectives

Identify the "hot issues" facing tax practitioners in planning for client returns
Apply key concepts to special client situations
Identify recent legislation and developments