Top Federal Tax Issues for 2014 CPE Course

Each year, a handful of tax issues typically require special attention by tax practitioners. The reasons vary, from a particularly complicated new provision in the Internal Revenue Code, to a planning technique opened up by a new regulation or ruling, or the availability of a significant tax benefit with a short window of opportunity.

Sometimes a developing business need creates a new set of tax problems, or pressure exerted by Congress or the Administration puts more heat on some taxpayers while giving others more slack. All these share in creating a unique mix that in turn creates special opportunities and pitfalls in the coming year and beyond. The past year has seen more than its share of these developing issues.

CCH’s Top Federal Tax Issues for 2014 CPE Course identifies those recent events that have developed into the current “hot” issues of the day. These tax issues have been selected as particularly relevant to tax practice in 2014. They have been selected not only because of their impact on return preparation during the 2014 tax season but also because of the important role they play in developing effective tax strategies for 2014 and beyond. Some issues are outgrowths of several years of developments; others have burst onto the tax scene unexpectedly. Among the latter are issues directly related to the recent economic downturn and tax legislation designed to assist in a recovery. Some have been emphasized in IRS publications and notices; others are just being noticed by the IRS.

This course is designed to help reassure the tax practitioner that he or she is not missing out on advising clients about a hot, new tax opportunity; or that a brewing controversy does not blindside their practice. In addition to issue identification, this course provides the basic information needed for the tax practitioner to implement a plan that addresses the particular opportunities and pitfalls presented by any one of those issues. Among the topics examined in the Top Federal Tax Issues for 2014 CPE Course are:

• IRS Gears Up for Health Care Reform
• Net Investment Income Tax: Issues and Strategies
• Implementing Accounting Method Changes
• Income Tax-Deferral Techniques
• Innocent Spouse Relief
• Identity Theft: Due Diligence and Remedies
• Boomer Retirement Strategies
• FATCA: New Rules for International Disclosure and Account Reporting
• Public Charities and Private Foundations: Current Compliance Issues