Virtual

Federal and California Tax Update for Individuals | Titans of Tax Tour 2023

Date: Nov. 27, 2023

Time: 8 a.m. – 3:30 p.m. PT

CPE: 8

Overview

This in-depth analysis of the year's essential changes in Federal and California tax law explains new legislation and IRS and FTB guidance. Key developments from the IRS, FTB and courts are covered, along with compliance and planning lessons learned from these rulings. Due diligence considerations relevant to all new law is addressed to prepare for tax season. The new law and related IRS guidance are covered. Course materials summarize essential developments. The eBook provides links to the full text of source documents discussed during the program and developments beyond key ones covered in the presentation. Materials include a table with links to all Federal regulations and IRS rulings for 2023.

Note: This is the companion course to Federal and California Tax Update for Businesses and Estates.

Product Code
1000001683-116120
Credit Type
CPE: 8
CFP: 8
CPE-Technical: 8
CTEC-FTL: 8
IRS-FTL: 8
MCLE: 6.5
MCLE LS-TX: 6.5
Intended Audience
CPAs, attorneys and tax practitioners.
NASBA Field of Study
Taxes
Level of Difficulty
Update
Prerequisites
General knowledge in taxation.
Advance Preparation
None

Learning Objectives

Identify new federal and California tax legislation affecting individuals

Describe the year's significant federal and California law change from the legislature, IRS, FTB and the courts

Identify new due diligence areas relevant to individual income tax matters

Learn how new tax rules affect tax planning and compliance

Major Subjects

Explanation of legislation enacted in 2023 along with reminders for 2023 from legislation of recent years
California tax law changes
Income inclusions, exclusions and deductions
Property transaction updates, including for cryptocurrencies and other digital assets
Passive activities, hobbies and other losses
Guidance and planning on energy credits added or modified by the Inflation Reduction Act
Significant IRS developments affecting practice and compliance procedures
California major developments for individuals and conformity to federal law changes for 2023
Filing status, credits and retirement plan developments
Expired and expiring provisions
Inflation adjustments for 2024
Due diligence and planning reminders

Faculty

Gregory M. Kling

Greg teaches full-time both undergraduate and graduate courses in the Marshall School of Business and Leventhal School of Accounting, and is the Academic Director of the Jennifer and James R. Parks Master of Business Taxation Program. Greg teaches continuing education classes for the California Society of CPAs and CPA exam review classes for Becker CPA Exam Review. Greg is the update author for Federal Taxes Affecting Real Estate (LexisNexis),...

More about Gregory M. Kling

Annette Nellen

Annette Nellen is a professor in and director of San José State University's graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, employment tax, ethics, and tax policy. Annette is active in the tax sections of the AICPA (including as a former chair of the Tax Executive Committee), ABA and California Lawyers Association. In 2020-2021, she served on the AICPA-NASBA CPA Evolution Education Advi...

More about Annette Nellen

Federal and California Tax Update for Individuals | Titans of Tax Tour 2023

Member

Nonmember

Overview

Product Code

Credit Type

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Faculty