The Best Individual Income Tax Update Course by Surgent - Society of Louisiana Certified Public Accountants

Overview

This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. You will come away from the course with the up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. This course is continually updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BFTU.

Highlights

Comprehensive coverage of individual provisions of the One Big Beautiful Bill Act, including but not limited to:

TCJA provisions made permanent
New tip income deduction
New overtime pay deduction
New car loan interest deduction New temporary senior deduction Expanded SALT cap
Trump Accounts

Comprehensive coverage of business provisions of the One Big Beautiful Bill Act, including but not limited to:

Bonus depreciation made permanent
Increased §179 deduction
Changes to §174 R&E expenditures Changes to §163(j)
Form 1099/1099-K changes
Qualified Small Business Stock Exclusion

Digital assets and tax implications – understand Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies and broker responsibilities
Artificial intelligence – discover how AI and generative tools are transforming the tax profession Timely coverage of breaking tax legislation
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, and employer reporting responsibilities
Real Estate professional requirements
Review of pertinent cases and rulings affecting taxpayers
Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

Prerequisites

Experience in individual tax planning

Designed For

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients

Objectives

Understand strategies and tactics to use in light of new legislation
Understand the most current guidance on retirement planning
Understand how to nail down valuable deductions and other reductions to the tax base

Preparation

None

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Edgar Gee

Leader Bios

Edgar Gee

Edgar H. Gee is a local firm practitioner with over 50 years of professional experience. He works closely with small businesses in areas of tax planning, IRS representation, and litigation support services. A noted author, Mr. Gee has published articles in the Tax Advisor relating to the largest independent contractor case against the IRS in U.S. history. He testified before the U.S. House of Representatives Subcommittee on the Oversight of IRS Activities in 1996. He is co-author of PPC’s Guide to Worker Classification. Winner of the Max Block Award by NYSSCPAs for Distinguished Article of the Year 2000, Independent Contractor or Employee: How the Process Works Today, Mr. Gee speaks nationally to many professional organizations. He was past president of the Knoxville Chapter of the Tennessee Society of Certified Public Accountants. He was the recipient of the Discussion Leader of the Year award from the Tennessee Society of CPAs in 2001. He is noted in national bestseller “What the IRS Doesn’t Want You to Know” regarding independent contractor issues.

Return to Top