NTA2404. Business Tax Developments - Planning and Due Diligence

This presentation covers the most significant court decisions, federal tax regulations and IRS rulings of 2024 relevant to all types of businesses and entities. These developments involve deductions, accounting methods, property transactions, credits, and more. Highlights of any federal legislation enacted this year as relevant to businesses and federal tax form changes are also covered. Due diligence and planning ideas are emphasized throughout.

Learning Objectives:

• Identify tax planning and compliance points from any 2024 federal tax legislative changes, significant court cases, regulations, and IRS rulings.
• Analyze 2024 rulings that represent new legal interpretations for taxation of businesses.
• Identify due diligence actions to take based on 2024 tax law developments and upcoming Tax Cuts and Jobs Act (TCJA) changes.