This LIVE webinar is on 12/10 2pm - 4pm EST.
Webinar Description:
Join Dr. Bart Basi for an insightful, IRS-approved webinar for tax preparers, Enrolled Agents, and more. This session will provide crucial updates on tax credits, retirement issues, 1099 handling, and other essential topics. Enhance your expertise, improve your client consultations, and prepare for the upcoming tax season with this exclusive end-of-year tax review and 2025 preview. This webinar is recognized as IRS-approved Continuing Education credits for the IRS Annual Filing Season Program (AFSP) and offers valuable information and strategies that will help you support your clients and streamline your practice for the new year.
Learning Objectives
By the end of this session, participants will be able to:
- Identify New Credits — Gain insights into the latest tax credits, including energy, car buying, and medical premium credits applicable to 2024 tax returns.
- Effectively Manage 1099 Forms — Understand best practices for handling 1099 forms, with practical tips for advising clients on this common issue.
- Address Schedule C and Social Security Tax Implications — Recognize the potential impact of Schedule C filings on Social Security taxes to help clients avoid unexpected costs.
- Advise on Real Estate Sales — Learn how to guide clients on real estate sales and help them understand potential tax exemptions on profits from home sales.
- Optimize Charitable Contributions for Deductions — Ensure that clients are keeping adequate records for charitable donations to maximize their deductions.
- Prepare for Retirement and Estate Planning — Review critical retirement and estate planning considerations for your clients' year-end financial strategy.
- Develop Year-End Tax Strategies — Implement proactive tax planning techniques to help clients reduce their 2024 tax burden and plan for future financial goals.
This webinar Counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About the Presenter:
Dr. Basi is the current Senior Advisor to The Center for Financial, Legal & Tax Planning, Inc. He is an Attorney and CPA with a Ph.D. in Economics. Dr. Basi has expertise in financial accounting, business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five loose-leaf bound books, fourteen workbooks, and over 300 articles and has worked with hundreds of businesses and associations. Journals that have published Dr. Basi's work include "Money Matters," "The American Journal of Small Business," "The Journal of Family Law," "The Journal of Estate Planning," "The Tax Lawyer," "Small Business Taxation," "Taxation for Individuals," "Taxation for Accountants," "Taxation for Lawyers," "The CPA Journal," and "The Tax Executive."
