Titans Annual Federal Tax Planning Individual Update 2024

Overview

Dive into an in-depth analysis of this year’s pivotal changes in Federal and California tax law. Discover the latest legislation and stay informed on crucial IRS and FTB guidance. We cover key developments from the IRS, FTB, and courts, providing essential compliance and planning lessons gleaned from recent rulings. Prepare for the tax season with a thorough review of due diligence considerations relevant to all new laws.

Highlights

• Explanation of legislation enacted in 2024 along with reminders for 2024 from legislation of recent years
• California tax law changes
• Income inclusions, exclusions and deductions
• Property transaction updates
• Passive activities, hobbies and other losses
• Guidance and planning on energy credits
• Significant IRS developments affecting practice and compliance procedures
• California's major developments for individuals and conformity to federal law changes for 2024
• Filing status, credits and retirement plan developments
• Expired and expiring provisions
• Inflation adjustments for 2025
• Due diligence and planning reminders

Prerequisites

General knowledge in taxation.

Designed For

CPAs, attorneys and tax practitioners.

Objectives

• Identify new federal and California tax legislation affecting individuals
• Describe the year's significant federal and California law change from the legislature, IRS, FTB and the courts
• Identify new due diligence areas relevant to individual income tax matters
• Learn how new tax rules affect tax planning and compliance

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.