The Best Federal Tax Update Course by Surgent (BFTU)
8.00 Credits
Member Price $320
Non-Member Price $420
Overview
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.
Highlights
- Comprehensive coverage of individual provisions of the One Big Beautiful Bill Act, including but not limited to:
- TCJA provisions made permanent
- New Tip Income Deduction
- New Overtime Pay Deduction
- New Car Loan Interest Deduction
- New Temporary Senior Deduction
- Expanded SALT Cap
- Trump Accounts
- Comprehensive coverage of business provisions of the One Big Beautiful Bill Act, including but not limited to:
- Bonus Depreciation made permanent
- Increased §179 deduction
- Changes to §174 R&E Expenditures
- Changes to §163(j)
- Form 1099/1099-K changes
- Qualified Small Business Stock Exclusion
- Digital Assets and Tax Implications - understand Form 1099-DA for reporting digital asset transactions, along withupdated IRS guidance on cryptocurrencies and broker responsibilities
- Artificial Intelligence - discover how AI and generative tools are transforming the tax profession
- Sale of Passthrough Entity Interests and Net Investment Income Tax - analyze the tax implications of sellinginterests 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. Employeeclassification challenges, and employer reporting responsibilities
- 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
Prerequisites
Experience with individual and business clients
Designed For
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
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
Preparation
None
Leader(s):
Leader Bios
Don Cochran, Nichols Patrick CPE, Inc.
Don Cochran, JD, CPA, CFP®, CRC® is a solo practitioner in Apple Valley, Minnesota. His 32 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning.
Don has practiced law in both Iowa and Minnesota, was a CPA with the Small and Emerging Business practice of then Big 8 accounting firm, in Bloomington, Minnesota, and was the Vice President of Tax and CFO with various privately and publicly held companies. He also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company. He developed and provided continuing education on tax and legal planning strategies for small to medium size businesses and wealthy individuals, and worked with insurance wholesalers and financial advisors to understand and implement financial strategies geared towards asset preservation and income in retirement.
Don earned his undergraduate degree, a Bachelor of Science in General Science, from the University of Iowa, Iowa City, Iowa, and graduated from the University of Iowa College of Law with his Juris Doctorate. In addition to being an attorney and Certified Public Accountant, he maintains his designations as a Certified Financial Planner®.
Non-Member Price $420
Member Price $320