2022 Individual Tax Update

Author: Bradley Burnett

Join Bradley Burnett, J.D., LL.M., as he delivers up-to-the-day changes in federal tax law for individuals. The course, delivered at a brisk pace and with humor, is designed to meet the needs of the tax planner and return preparer by identifying and responsibly exploring recent important tax developments impacting individuals.

Publication Date: November 2022

Designed For
Return preparers, tax planners, and taxpayers desiring to keep up with late breaking tax developments.

Topics Covered

• Major provisions of recently enacted (and newly effective) federal tax legislation for individuals
• Recent important court cases, regulations, rulings and related developments affecting individuals, investment, real estate, estates and trusts
• Income, self-employment, and estate and gift taxes
• IRS activity impact on planners and preparers
• Quiet year in the federal tax law? There's no such thing anymore
• 2022 Federal Tax Update Individual Income Tax and Form 1040
• Effect of Runaway Inflation on Taxes
• Taxability of Lawsuit Proceeds §104(a)(2) Excludes Income from Physical, Personal Injuries
• Cancellation of Debt Form 1099-C
• Inflation Adjusted Amounts 2023
• ACA Premium Tax Credit Ground Rules
• Rescue Act
• Charitable Contributions
• Medical Expenses
• Inflation Reduction Act of 2022
• Proposed Legislation
• Map Cryptocurrency
• Individual Retirement Accounts
• IRS Practice

Learning Objectives

• Recognize relevant new federal tax developments for individuals
• Identify important court cases, regulations, rulings and related developments affecting individuals, investment, real estate, estates and trusts, and what that means for your clients
• Recognize the IRS activity impact on planners and preparers

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
Basic understanding of federal taxation.

Advance Preparation
None