Description
This book is for preparing 2023 taxes. This course assists the tax preparer in getting ready for the 2024 filing season. You’ll become familiar with the new tax laws for 2023 and the impact it will have on the returns you prepare. Topics covered include the clean vehicle energy credit, the previously-owned vehicle credit, as well as reporting requirements for the Corporate Transparency Act and when clients should expect to receive a 1099-K, Payment Card and Third-Party Network Transactions. We’ll include a list of provisions expiring in 2023 and discuss tax planning tips for the upcoming year.
Topics include:
- Explaining tax laws applicable to 2023
- Summarizing new developments that occurred in 2023
- Advising clients on ways to lower their taxable income in the future