The IRS and Congress are constantly changing the tax law whether by new regulations or allowing tax code provisions to expire. The 2016 Presidential elections will surely have an impact on tax policy going forward. In addition, a Republican majority in both houses of Congress will also have an impact. For practitioners it’s a challenge to stay current or ahead of the curve! This ACPEN course will include a panel of national tax practitioners reviewing the latest legislative and regulatory developments affecting individuals, corporations and other business entities. Legislative changes in the eighteen months leading up to the Update will be examined.
Congress enacted quite a few changes to the Internal Revenue Code in 2015, including the Protecting Americans from Tax Hikes Act of 2015 (2015 PATH Act) and the 2016 Consolidated Appropriations Act, both signed by President Obama on December 18, 2015, which made permanent some critical tax provisions and retroactively extended others. Other 2015 tax legislation includes the Fixing America’s Surface Transportation Act (2015 FAST Act signed on December 4, 2015), which made significant adjustments to the tax due date of business returns, 2015 Bipartisan Budget Act (signed on November 2, 2015), the Protecting Affordable Coverage for Employees Act (PACE Act signed on October 7, 2015, the Airport and Airway Extension Act (2015 Aviation Act, signed on September 30, 2015), and the Medicare Access and CHIP Reauthorization Act of 2015 (2015 Medicare Act, signed on April 16, 2015).
For example, recently released final and proposed regulations and new forms regarding the net investment income tax promise to make tax planning and filing more challenging in coming years.
You should also expect that the IRS will continue to provide new guidance on the Patient Protection and Affordable Care Act and its application to both individuals and businesses. The mandate for businesses to provide health insurance coverage or pay penalties began in 2015 and you should expect developments in that area affecting your clients. Do you know what to tell them about the mandate or paying the penalty? Do you understand the monetary penalties to the business owner when the employee has to get his own insurance? It may not be as simple as you think.
The panel will focus on providing practical advice useful to practitioners during the upcoming tax season, beginning in January 2017, as well as December 2016 year-end planning.
Of course, the panel will also explain the latest IRS initiatives, new regulations, revenue rulings and court decisions that impact the way you advise your clients.
Our panel will focus on the most important tax developments that will be in place by December, 2016. We can't tell you now what all the changes will be but we can give you the best information anywhere on current tax issues…current to the day of the broadcast! Explore in detail the latest statutory, regulatory and judicial developments impacting tax issues. Get the latest details and all the developments in this up-to-the minute tax program that you won't want to miss.
Explore in detail the latest statutory, regulatory and judicial developments impacting tax issues
- Patient Protection and the Affordable Care Act
- IRS Initiatives, New Regulations, Revenue Rulings, and Court Decisions
- Linda Bradley McKee, CPA, PhD • Assoc. Prof., College of Charleston • Charleston, SC
- Bruce A. McGovern, JD • Vice President, Associate Dean, and Professor of Law, South Texas College of Law • Houston, Texas
- C. Clinton Davis, Jr., CPA, JD • Krage & Janvey, LLP • Dallas, TX
- Roger W. Lusby, III, CPA, CMA, AEP • Frazier & Deeter, LLC • Atlanta, GA
- James Smith, CPA • Smith, Jackson, Boyer & Bovard, PLLC • Dallas, TX