2023/2024 Federal Tax Update 
 

Day 1 - 

• Offers in compromise: economic hardship, public policy, and equitable considerations
• Offers in compromise: scams and predatory firms
• Penalty abatement
• Consolidated Appropriations Act of 2023 including Secure Act 2.0
• Inflation Reduction Act of 2022
• Individual cases, rulings and IRS developments
• Year-end tax planning – Individual
• Form 1099-K reporting

Day 2 - 

• Business cases, rulings and IRS developments
• Partnership hot assets
• Collection appeal rights: what are the choices
• Jeopardy assessments: how to cope
• Cryptocurrency taxation: review, update, and refresher
• Canceled indebtedness income reporting
• Introduction to qualified opportunity zones and qualified opportunity funds
• Year-end tax planning - Business

NASBA Field of Study: Taxes (16 hours)

Level: Basic

Presenters: Sheldon Clark and Larry Johnson

Prerequisites: A basic understanding of Federal tax laws

Advanced Preparation: None