2024 Mid-year Update
IRS Program #: X9QQU-U-01135-24-O
CTEC Program #: 6257-CE-0296
CTEC Program #: 6257-CE-0296
CE: 2 IRS credits & 2 CTEC credits
Materials
Course Description
Now that tax season is behind us, our profession continues to be challenged. Join us for a fast-paced, must-attend update and overview where you will receive the latest information and guidance that has transpired over the past several months affecting your practice encompassing yourbusiness and individual clients.
Learning Objectives
- Summarize any late breaking updates, tax related legislation, or guidance
- Corporate Transparency Act – Examination of current Treasury guidance and the impact of a recent court case
- ERC – What professionals need to know, now that this program is winding down
- Current state of the PTET issues
- Analysis of Virtual Currency issues, updates and recognize reporting obligations
- Examine the continue evolution of the Energy Creditsand the Clean Vehicle Credits and current year planning associated with these credits
- Business assets, including bonus depreciation, cost capitalization, repair regulations, IRC §179, change in accounting methods, and other planning opportunities
- SECURE Act 1.0 – IRS delays IRA RMD Rules (Notice 2024-35) again – Will we “really” see final regulations this year and what is the impact of the delay?
- SECURE Act 1.0 – Remember clients may adopt a retirement plan after the end of a tax year
- SECURE Act 2.0 – IRS Notice 2024-2 – Highlights of key provisions that will impact your client (e.g., Conversion of a SIMPLE IRA to a safe harbor §401(k) Plan)
- SECURE Act 2.0 – Calendar year 2024 through 2026 new law provisions
- Estate, Gift and Trust – Planning for the possible reduction in Federal Estate exemption in 2026
- Estate, Gift and Trust – Portability or DSUE and post-mortem income tax planning opportunities
- Cybersecurity and security plan for your tax practice
Presenters
Allan J. Reynolds, EA
A.J. Reynolds, EA hasover thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice toIRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives.Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.
A.J. Reynolds, EA hasover thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice toIRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives.Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.
Michael R. Miranda CPA, QKA, NQPC, AEP
Bringing 48 years of experience in tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.
Bringing 48 years of experience in tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.
Continuing Education
This course qualifies for IRS and CTEC Continuing Education Hours. NAEA reports IRS/CTEC CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.