Course ID: FTUSB

Federal U.S. Tax Update: Sunset and Best Practice Issues

This webcast provides a focused review of key tax provisions scheduled to sunset and the impact on tax planning and compliance. The session will explore current and upcoming tax rates, alongside a detailed discussion of expiring provisions in the Internal Revenue Code (IRC). Participants will also gain insight into critical compliance and ethical issues, including use and disclosure consents, Federal Trade Commission (FTC) requirements, due diligence standards, and best practices for safeguarding client data in the event of a breach.

The course uses real-world scenarios to highlight frequently encountered challenges and actionable solutions. By addressing legislative changes and compliance risks, tax professionals will be prepared to guide their clients effectively while adhering to regulatory requirements.


Learning Objectives

· Identify tax rates for 2024 and 2025 and their implications for tax planning.
· Analyze IRC sections scheduled to sunset and their impact on taxpayers.
· Interpret use and disclosure consent requirements to maintain compliance.
· Apply Federal Trade Commission (FTC) guidelines to tax preparation practices.
· Assess due diligence standards for tax professionals.
· Develop a response plan for managing data breaches effectively.
· Recognize common compliance pitfalls and implement best practices to mitigate risks.
· Evaluate real-world scenarios for practical application of legislative updates and ethical guidelines.


Major Topics

· Current and upcoming tax rates.
· Sunset provisions in the Internal Revenue Code.
· Use and disclosure consents for tax professionals.
· Federal Trade Commission (FTC) requirements for tax practices.
· Due diligence obligations under federal tax law.
· Data breach prevention and response strategies.
· Frequently encountered compliance scenarios and best practices.


Who Should Attend

Designed For CPAs, EAs, tax professionals, and advisors managing compliance and tax planning strategies.


Fields of Study
Taxes

Prerequisites

Basic knowledge of federal tax law and ethical standards.


CPE Credits
2.0

Level
Intermediate

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: or team@blionline.org
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