Recent Tax Developments (January 2022)
Author: Annette Nellen
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
These monthly updates provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws.
Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.
Publication Date: January 2022
Designed For
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.
Topics Covered
- Broad Relevance
- COVID-19 Tax Updates
- Individuals
- Businesses
- Property Transactions
- International
- Practice and Procedure
- Miscellaneous
- Looking Forward: Includes update on Build Back Better and other tax legislative activities
Learning Objectives
- Identify key developments from legislatures, tax agencies and the courts
- Describe some law areas that were recently the subject of a ruling or law change
- Recognize law changes that may affect your clients and your practice
- Identify an example of a tax provision that expired as of 9/30/21
- Describe what percent of taxpayers want IRS tax sources on social media and blogs that provide information and assistance
- Identify the most serious problem encountered by taxpayers, based on the NTA Report
- Identify the above the line K-12 teacher expense deduction for 2022
- Identify the 2022 mileage rate with respect to medical/moving
- Recognize the percent of returns estimated to be filed in 2021 relate to partnerships, based on recent IRS statistics
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
