Description:

Prepare for the upcoming tax season with this comprehensive 2024 Federal Tax Update course, designed to ensure tax professionals are equipped with the most recent changes in federal tax laws and regulations. This course will cover significant legislative updates, IRS guidance, and court rulings affecting individual and business tax planning and compliance. Participants will learn how to apply these updates to client scenarios, optimizing tax strategies while remaining compliant. The course will also review inflation adjustments and any new or expiring tax provisions that could impact filings for the 2024 tax year.

Session Objectives

• Understand the latest federal tax law changes, including new legislation and IRS guidance.
• Analyze the impact of recent tax developments on individual and business taxpayers.
• Apply inflation adjustments and updated tax brackets for the 2024 tax year.
• Recognize new compliance requirements and discuss their implications for tax practice.
• Implement effective tax strategies based on current regulations to benefit clients and minimize liabilities.

Who Should Attend

• Small firms/sole practitioners
• Medium firms
• CPAs
• Tax professionals
• Large firms

Speaker Profile

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and procedure. Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and CPA Practice Advisor’s Top 40 Under 40. He is a member of the VSCPA’s Tax Advisory Committee and Ethics Committee, and the AICPA’s Tax