ENG2424. Washington Update: Tax Outlook (TAX, EST)

The political landscape is changing faster than ever as the presidential and congressional elections approach. This election will be particularly critical for tax policy as built-in changes to the tax code will force lawmakers to consider sweeping reform in 2025. This session will cover the major issues affecting the profession, including the outlook for IRS funding and enforcement efforts, the chances for restoring key business provisions, efforts to crack down on high-income and estate tax planning, and the fate of expiring provisions.

Learning Objectives:

• Recognize the connection between the current political landscape and profession-specific issues.
• Identify the outlook for key tax issues and the impact on businesses and the profession.