Description
Federal Tax Workbook: Volume A is a reference manual provided to all Day 1 attendees of 2022 Fall Tax School. The workbook is written and reviewed by tax experts from throughout the United States, and is created with the needs of tax practitioners in mind. The workbook contains examples, problems, solutions, sample IRS forms, and applicable reference materials.
The Federal Tax Workbook is used in tax education programs sponsored by universities and associations from around the country. For information about purchasing workbooks to use in your tax education programs, please contact us.
Books will ship beginning in January 2023.
Volume A Topics
New Developments
- Inflation Reduction Act of 2022
- Digital assets
- Schedules K-2/K-3
- Form 7203 – Back to the Basics of Basis
- Research & development tax credit update
- Expiring provisions
Individual Taxpayer Issues
- Dependency issues
- Pass-through entity tax: partners and shareholders
- Schedule K-1
Rulings & Cases
- Significant rulings and cases from August 2021 through the present
U.S. Expatriates – Select International Tax Issues for Individuals
- U.S. tax returns
- Foreign tax returns
- Tax planning focus
- U.S. tax savings opportunities
- Tax treaties
- Social security agreements
- Foreign tax savings opportunities
- Foreign asset reporting requirements
- Expatriation tax
- Military personnel
Exempt Organizations
- Criteria for exempt status
- Tax-exempt status
- Return filing requirements for exempt organizations
- UBTI
- Officer issues
- Bylaw issues
- Representing the exempt organization before the IRS
Ethics and Due Diligence for the New Tax Client
Agricultural Issues and Rural Investments
- Emergency Relief Program update
- Update on farm NOLs
- Joint tenancy and income tax basis at death
- Estate tax exemption
- Livestock confinement buildings and SE tax
- Tax benefits to demolishing farm buildings and structures
- Agricultural nondepreciable items
- Correcting depreciation errors
- S corporation dissolution
- Captive insurance
- Tax issues with customer loyalty programs