Overview

2.0 Credits
ONLINE

Tax legislation has never been a one-size-fits-all affair — and the latest sweeping bill is no exception. In this engaging and timely course, we’ll dissect the major provisions of the latest tax legislation and explore how they will impact individuals, businesses and practitioners alike. With new credits, phaseouts, thresholds and compliance mechanisms, it’s more important than ever for CPAs to understand the full picture.

We’ll walk through the bill’s headline-grabbing components as well as the less-publicized but equally critical changes that could catch clients off guard. From expanded green energy incentives to new reporting requirements, you’ll leave with a working knowledge of both planning opportunities and compliance traps. We’ll also discuss practical implementation timelines and how practitioners can proactively communicate these changes to clients.

Whether you're advising a high-net-worth individual, a closely held business or a large enterprise, this course will equip you with the essential tools to translate complex legislation into actionable guidance. Expect clarity, relevance and plenty of real-world application examples that you can immediately use in your practice.

Objectives

  • Identify and summarize the key provisions in the latest comprehensive tax bill and their potential impacts.
  • Apply new tax credits and deductions to relevant client scenarios, including energy incentives and expanded child tax provisions.
  • Evaluate changes to compliance requirements, such as reporting thresholds, filing deadlines and preparer responsibilities.
  • Interpret transitional guidance and implementation timelines to effectively plan for client engagement and tax strategies.
  • Develop proactive communication strategies to educate and prepare clients for the new legislative landscape.

Major Topics

• Federal Tax Legislation Updates
• Tax Credits and Incentives
• Phaseouts and Threshold Adjustments
• Compliance and Reporting Requirements
• Tax Planning Strategies
• Client Communication and Implementation
• Special Considerations for Specific Taxpayer Groups
• Real-World Applications and Case Studies

Prerequisite

None
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