WEBINAR: Impact of 2024 Elections at the Crossroads: Federal Tax Consequences and Planning E3S5R-T-00847-24-O

1 Hour Tax (Federal); IRS:


Monday, December 9, 2024
8:30 AM - 9:30 AM (EST)
Online Webinar
Category: Tax (Federal) - Webinars

The 2024 U.S. national elections have turned the federal world upside down again. This course takes a well-grounded look at the President elect’s campaign promises, expiring tax legislative provisions and likely agenda. 

While the Senate flipped to Republican, votes for the House are still being counted. If the House goes to the Democrats, what will be the likely compromises? If the House stays Republican, what is likely to be pushed through? Keep in mind that tax bills originate in the House.   

We’ll take a good, technical look at each of the items below to help you approach today and the future. We’ll also take a look at the tax nitty gritty of 2024 and 2025 (and beyond) tax planning surrounding the following: 

1.     The impact of tax rates on optimal timing of income and deductions

2.     Whether to make gift transfers (or other estate planning moves) now or hold off

3.     Proposed exemption of tip income from federal taxes 

4.     Proposed tax credit for family caregivers of the aged (or other loved one)

5.     Exempting overtime pay from all taxes  

6.     Extension of TCJA business tax cuts

7.     §199A QBID deduction

8.     §168(k) bonus depreciation

9.     Current write-off of §174 R&D expenses

10.  100% expensing for purchase of manufacturing equipment

11.  Future of IRS funding

12.  Repealing the state and local tax deduction cap / AMT implications

13.  Social Security benefits exemption

14.  15% tax rate for domestic manufacturing

15.  Repeal of Corporate AMT and Buyback Tax

16.  Scrapping of energy tax credits

17.  Child tax credit / Standard deduction / Personal exemption restoration

18.  Deducting interest expense on loans on U.S. manufactured cars

19.  Exemption of salaries of expatriates

20.  Retroactive deduction for purchase of a generator in a Hurricane zone

21.  Impact of tariffs imposed on foreign imports

22.  Every other TCJA provisions set to otherwise expire

 

 

Registration Options

Credits Price
Member
Registration Ended 12/9/24 at 8:30 AM EST
1.00 (Tax (Federal)) $49.00
Non-Member
Registration Ended 12/9/24 at 8:30 AM EST
1.00 (Tax (Federal)) $75.00

Bradley Burnett, J.D., LL.M 

Bradley P. Burnett practices tax law in Colorado. After law school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at a national accounting firm and medium sized Denver law firm, he established his own law firm in 1990.

Bradley has delivered more than 3,300 presentations on tax law to CPAs, EAs and attorneys throughout all fifty U.S. states, Washington, D.C. and seven countries. He served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field.

Bradley authors and teaches tax materials extensively for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes.

No show - No refund - no exceptions. No refund will be issued for any webinar in which the login information and course material has already been distributed. Please check spam/junk folders. No refund nor credit for a future program will be issued for any webinar for which you are registered but fail to attend. Applicable webinar bundle credits will be forfeited for any webinar no-show.

For More Information:

Pennsylvania Society of Tax & Accounting Professionals Logo 150 Corporate Center Drive Suite 205
Camp Hill, Pennsylvania 17011
United States
800.270.3352