Stay Informed with Key Tax Updates & Strategies
| Learning Objective: By taking this course, students will gain awareness of important tax changes and develop the ability to navigate various topics, including Foreign Reporting, Non-Resident Alien Gifts of Property Situated in the U.S., Bonus Depreciation, Section 179 Expensing, and Business Meals. The course also covers retirement and savings strategies, such as Traditional and Roth IRAs, Mega Backdoor Roth IRAs, SECURE 2.0 Early Withdrawal Penalty Exceptions, SEP Plans, 401(k) Plans, Aggregate Contribution Limits, TSA-403(b) Plans, Flexible Spending Accounts, RMDs, Simple Plans, and HSAs. Additionally, students will explore Education Credits—particularly when parents don’t claim them—along with In Vitro Fertilization and Surrogate Expenses as medical deductions, Long-Term Care Insurance, and the Alternative Minimum Tax (AMT). Other key topics include the Parent’s Election to Report a Child’s Interest and Dividends, Self-Employment Tax Rates, Child Tax Credit, Earned Income Tax Credit, Saver’s Credit, Adoption Credit, and incentives like the Pension Plan Start-Up Costs Credit, Credit for Employer Contributions to New Retirement Plans, Small Employer Automatic Enrollment Credit, Credit for Energy-Efficient Home Modifications, and Research Credit. With these insights, students will be better equipped to navigate tax planning and compliance effectively. |
| CPE Hours: | Federal Tax Update = 3 CPE Credits / Total = 3 CPE Credits |
| Accreditation: | CTEC, IRS, Enrolled Agents, NASBA CPA |
| Field of Study: | Federal Tax Update |
| Publication Date: | 4/3/2025 |
| Instructional Delivery Method: | Self-Study |
| Level: | Intermediate |
| Prerequisites: | None |
| Advanced Preparation: | No Advanced Preparation Required |
| Author: | Lee Reams, Sr., BSME, EA |
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Course Material: A copy of the course material is available for download under the Additional References tab. Refund Policy: Your complete satisfaction is our #1 priority. At CountingWorks, Inc., we do whatever it takes to make sure your expectations are met on every order we complete. We back all of our products with a 10-day no-hassle money-back guarantee. For information regarding refunds, complaints, and program cancellation policies, please contact our Customer Service Department at 1-800-384-1101 Certified Public Accountants: CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CountingWorks, Inc. is an approved provider for IRS, NASBA QAS and CTEC providing continuing education for CPAs, EAs, IRS and CRTPs. Registration: Sign-up online by clicking add to cart above or by phone at 1-800-384-1101 |
