myCPE
myCPE

Individual Tax Update - A Comprehensive Guide 1 Credit

Aug 27, 2024, 09:30 AM ET

Individual Tax Update - A Comprehensive Guide 1 Credit

  • Rating

    4.6
  • Published on

    December, 1969
  • Subject Area

    Taxes

Learning mode

Live Webinar
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  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
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Aug 27, 2024, 09:30 AM ET

Learning Objective

  • To identify key numbers that have changed for 2023 tax returns.
  • To analyze what's new with the electric vehicle tax credit starting with 2023 tax returns.
  • To explain changes made to the tax credit for energy-efficient appliances and home improvements for 2023.
  • To identify what's new with self-employment/Schedule C.
  • To analyze proposed Form 1099-K changes and IRS guidance on when the changes will take place.

Course Overview

Discover the latest tax updates and amendments in our comprehensive CPE course led by Jason Dinesen. Dive into the intricacies of the individual tax updates as of the end of 2023, unpacking critical changes and pivotal insights into the Form 1040 instructions. Learn about the shifted due dates, standard deduction alterations, and the nuanced updates impacting clean vehicle credits, specifically for electric and qualifying used vehicles.

Explore the evolution of tax credits for electric vehicles introduced by the Inflation Reduction Act, dissecting the changes to the clean vehicle credit, phaseouts, and critical alterations in the credit calculation. Gain insights into crucial elements such as the final assembly requirements, price limitations, and modified MAGI thresholds for eligibility. Unravel the complexities of transferring credits to dealers and the implications tied to AGI limits, empowering your decision-making processes.

Moreover, grasp the extended lifeline of tax credits, including the Nonbusiness Energy Property Credit IRC 25C and the Residential Renewable Energy Tax Credit, offering deeper knowledge of their calculations, annual limits, and expiration dates. Delve into the nitty-gritty details of Schedule C modifications, standard mileage rates, and the fluctuating bonus depreciation for a comprehensive understanding of the evolving tax landscape.

Major Topics:

  • Overview of key dates and key inflation adjustments for 2023 tax returns
  • In-depth discussion of changes to the electric vehicle tax credit
  • Changes to tax credits available for energy-efficient home projects in 2023
  • Schedule C/self-employed changes including new Form 7206 for self-employed health insurance deductions
  • Discussion of the IRS again delaying Form 1099-K changes

Join our CE Tax Course and elevate your expertise in interpreting and applying the latest tax updates. Acquire invaluable insights from an expert Enrolled Agent, empowering your professional growth and ensuring you're equipped to navigate the ever-changing tax regulations and provisions.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Top Tax Speaker | Jason Dinesen | My-CPE
Jason Dinesen , EA

President, Dinesen Tax & Accounting, P.C.

  • 4.6
  • rating
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Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.

Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.

He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.

Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience. 

He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics. 

Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. Jason holds season tickets to University of Iowa football, and enjoys using his chainsaw. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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1,824 ratings

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DD

Donna Dowling, Tax Professional

Regarding Jason Dinesen: I thoroughly enjoyed the session today. Jason was not in a hurry to fit items in. He was straight forward in listing the updates as well as took his time, which I appreciated very much. I also love the downloads that I can print off.

PJ

Paul Johnson, EA

The update offered by Jason Dinesen was great information. His insights and expertise made the content more interesting. Thank you My-CPE for always providing great opportunities for professionals to learn or refresh on tax topics.

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    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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