This course provides coverage of the current issues impacting individuals and sole proprietorships as the tax season approaches. The seminar will cover the major provisions of the most recent tax legislation. In addition, discussion will include updates on relevant tax cases, rulings and regulations that impact on individual taxpayers, businesses, investments, and retirement plans. Among the areas covered will be alternative minimum tax; capital gain and loss issues, passive loss, new laws on retirement plans and charitable contributions, flow through items from pass-through entities, foreign income; business expense issues; personal residence limits and much more. The class will include updates to estates and trusts and also will explore tax planning opportunities.
Level: update. No prerequisites or advance preparation required.