Surgent's Federal Tax Update (BFT4)
4.00 Credits
Member Price $175
Non-Member Price $225
Overview
Both businesses and individual clients face major changes as a result of new legislation, and tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. This course addresses this challenge and also encompasses the latest cases and rulings applicable to individual and business clients. Continually updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BIT4.
Highlights
- Comprehensive coverage of the One Big Beautiful Bill Act
- 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
- 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
- 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
Objectives
Understand strategies and techniques to use in light of new legislation Understand the latest enacted tax law changes Understand current cases and rulings affecting your clients
Preparation
None
Leader(s):
Leader Bios
William Taylor
William (Bill) F. Taylor, CPA is President of Benefit Solutions, Ltd., a benefit consulting firm based in Water Valley, Mississippi, and a CPA in private practice. Bill has been an employee benefit and investment consultant for over 20 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999.
Taylor is a nationally known consultant and speaker and has conducted seminars for the American Society of Pension Professionals and Actuaries, over 40 states’ CPA and Bar associations, and other organizations. He was awarded the AICPA Outstanding Discussion Leader award in 2008. Taylor is also the author of several books and his articles have appeared in numerous publications.
Taylor graduated from the University of Mississippi with a B.B.A. in Banking and Finance and a Master of Accountancy in Taxation.
Non-Member Price $225
Member Price $175