On-Demand

8 CPE Credits

The Best Federal Tax Update Course by Surgent

On-Demand
8 CPE Credits

This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

In this continually revised course, tax advisors will be fully updated on the most recent enacted legislation and IRS guidance, as well as major trends on the horizon with a view toward planning considerations. This update course is designed for all practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BITU.

Learning Objectives

  • Understand the latest enacted tax law changes
  • Understand strategies and techniques to use in light of tax changes
  • Understand current cases and rulings affecting individuals and businesses

Major Topics

    • Comprehensive coverage of the One Big Beautiful Bill Act
    • Review of key components of President Trump's tax bill, including a tip income exemption, overtime pay relief, Social Security tax exemption, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, restoration of 100% bonus depreciation, immediate R&D expensing, and permanent extension of select TCJA provisions
    • Tariff policy and implementation
    • analyze the use of tariffs as a fiscal and trade policy tool
    • Digital assets and tax implications
    • understand the new Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies, NFTs, and broker responsibilities
    • Artificial intelligence
    • discover how AI and generative tools are transforming tax practices, as well as how the IRS is leveraging AI to enhance audit selection
    • Form 1099-K reporting requirements
    • understand the evolving IRS thresholds and rules for third-party payment platforms
    • Sale of Passthrough Entity Interests and Net Investment Income Tax
    • analyze the tax implications of selling interests in passthrough entities, including relevant examples, and how the Net Investment Income Tax (NIIT) applies to these transactions 
    • The Gig Economy
    • examine key tax implications for gig workers, including Independent Contractor vs. Employee classification challenges, reporting responsibilities, and the impact of the 2024 Department of Labor Final Rule on worker status
    • Timely coverage of breaking tax legislation
    • Practice aids, including all the numbers applicable for the current year -
    • inflation-adjusted amounts, mileage rates, retirement contributions, and more
    • Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

CPE Credits Available

8 CPE Credits
8
Taxes

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Individual Tax

Prerequisites

Experience with individual and business clients

Advanced Preparation

None

Intended Audience

Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 199 199
    Join

  • COCPA Non-Member

    $ 259 259
    Your Price

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