NTA2401. Individual Tax Developments - Planning and Due Diligence

This presentation covers highlights of any 2024 federal tax legislative changes and tax form changes relevant to individuals, and the most important federal tax rulings of 2024 involving income, deductions, losses, digital assets and other property, credits, and procedural matters and their relevance to tax planning and compliance due diligence. Planning considerations for 2025 in light of upcoming TCJA changes will also be covered.

Learning Objectives:

• Analyze 2024 rulings that represent new legal interpretations for individual income taxation.
• Identify tax planning and compliance points from any 2024 federal tax legislation and key 2024 court cases, regulations and IRS rulings.
• Identify due diligence actions highlighted by 2024 individual tax law developments and upcoming TCJA changes.