Federal Tax Update: Individual Form 1040 2024
8.00 Credits
Member Price $299
Non-Member Price $399
Overview
This course is a comprehensive overview of critical Federal tax law updates resulting from changes to current laws, regulations and court cases impacting individual taxation. We will also review recent modifications to tax forms, small business tax law and administrative updates, retirement plan changes and tax practice and procedures. We will also explore the impacts of the Consolidated Appropriations Act of 2021 (CAA), the American Rescue Plan of 2021 (ARPA) and other legislative changes.
Highlights
- Review of recent federal legislation and administrative rulings
- Review of recent modifications to tax forms
- Review of small business tax law and administrative update changes
- Review of retirement plan changes
- Overall review of tax practice and procedures
Prerequisites
Basic knowledge of individual income taxation.
Designed For
Tax accountants in public or private practice in need of a federal individual income tax update.
Objectives
- Understand the major federal income tax laws impacting individuals as well as changes to Form 1040 and other related schedules and forms
- Understand the new tax legislation passed by Congress
- Understand the new administrative guidance issued by the IRS and Treasury Department
- Understand the recent court decisions that impact individual taxation
Preparation
None
Leader(s):
Leader Bios
Troy Lewis
Troy Lewis is the Past Chair of the Tax Executive Committee of the American Institute of CPAs (AICPA) in Washington, DC. In this role, he has testified six times before the United States Senate Finance Committee and the House Committee on Small Business. Mr. Lewis has been active with the AICPA and the Utah Association of CPAs, for over two decades serving in key leadership positions including the President of the UACPA. Mr. Lewis currently teaches accounting and tax at Brigham Young University in Provo, Utah. He is in practice as a Manager/Member at Lewis & Associates, CPAs, LLC in Draper, Utah. He also worked in public accounting at Arthur Andersen and for a community bank in St. George, Utah. He obtained his Masters of Accountancy and Bachelors of Science in Accountancy from Brigham Young University. He is also a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA).
Non-Member Price $399
Member Price $299