Annual Tax Update: Keeping Up with the Tax Code - 2024 Federal Tax Update

A boxed lunch is included with your registration and fee. Below are the selections:

Cost: $275 for Members and $325 for Non Members

2024-KUWTC: Keeping Up with the Tax Code - 2024 Federal Tax Update 

Learning Objectives: 

• Recognize changes to required minimum distributions as a result of recent tax legislation 
• Identify changes to retirement plan provisions as a result of recent provisions 
• State new provisions affecting small businesses, individuals, and pass-through entities 
• Recall the IRS definition of virtual currency and identify recent changes 
• Identify recent updates to tax credits, deductions, and income items 
• State who is subject to the beneficial ownership disclosure rules 
• Recognize any late-breaking and new tax provisions on the horizon 

Additional Required Materials: 

• Level: Update 
• Field of Study: Taxes (NASBA) 
• Who Should Attend: Experienced tax professionals and financial advisors 
• Required Knowledge: Previous tax preparation experience for individuals and small businesses 
• Advanced Prep: None 

Major Topic Areas: 

• Individual 
• RMDs (including Prop Regs) 
• Virtual Currency (including review of new Prop Regs & deducting losses) 
• Key SECURE 2.0 changes 
• Key Inflation Reduction Act changes (including recent guidance) 
• Foreign Tax Credit Changes 
• Schedule K-2/K-3 (including domestic filing exception & Form 1116 exemption exception) 
• PTE elections 
• Beneficial Ownership for LLCs & corporations (Corporate Transparency Act) 
• Form 5471 and 926 
• Basis Calculations: S-Corps vs. Partnerships 

David Peters is the Founder and Owner of Peters Professional Education and Peters Tax Preparation & Consulting, PC in Richmond, VA. He has over 15 years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.

David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. David is a national CPE Instructor for the AICPA, Surgent, Kaplan and Don Farmer Tax Seminars. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States.

David holds four Masters degrees and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia. He was recently awarded AICPA’s Outstanding Facilitator Award for the 2021 CPE Year.