AICPA's Annual Federal Tax Update (VIRTUAL)

Description

Save time and keep current on the latest tax developments! This comprehensive course covers all legislative, judicial, and IRS developments of the past year with a focus on implementation and compliance. Discover how to effectively and confidently complete tax planning and compliance engagements. Cover current developments affecting individuals (including those regarding income, deductions and losses, tax calculations, individual credits, filing matters), business entities (including those regarding S Corporations and their shareholders, C Corporations, partnerships), estates and trusts, retirement plans, and more.

Highlights

  • Return preparation applications
  • Strategies for tax savings
  • Business entity changes
  • IRS administrative issues, compliance, and new forms
  • Court cases settled in the last year that provide tax return guidance
  • Position authority
  • IRS rulings, procedures and notices for the last year
  • New tax return disclosures

Objectives

Identify planning strategies and compliance actions resulting from the latest changes to federal tax statutes, regulations, cases, and rulings.

Designed For

Public accounting senior associates, managers, and partners; tax professionals in company finance or tax departments

Leaders

Joseph Sanford

Joe is currently a commissioner for the Arkansas Tax Appeals Commission, an independent tribunal with tax expertise dedicated to resolving disputes between the Department of Finance and Administration and taxpayers. As a Commissioner, Joe is responsible for hearing cases and rendering decisions. Joe earned a BSBA degree from the University of Arkansas in 1977 with a major in accounting and a minor in computer sciences. Joe is a Certified Public Accountant and a Member of the Arkansas Society of CPAs (ARCPA). Joe retired after a 44-year career in public accounting as President and CEO of Sanford & Company, CPAs. Early in his career, he was an audit manager in a large CPA firm in Fort Smith, Arkansas. While involved in all aspects of his accounting firm, he focused on estate planning, litigation support, management consulting and technology consulting. Soon after his retirement in 2021, he was appointed a Commissioner for the Arkansas Tax Appeals Commission by Governor Hutchinson. At various times during his career, Joe served as a Director of the ARCPA, Chair of the ARCPA Ethics Committee, Continuing Education Committee, and Peer Review Committee, and as a member of the ARCPA Legislative Committee. Joe was also a member of the AICPA Ethics Committee and served as president of the Western Arkansas Estate Planning Council and the Western Arkansas Chapter of the ARCPA. For nearly 20 years, Joe has served as a moderator for various tax, accounting, technology, and ethics continuing education seminars for CPAs, and was named ARCPA Discussion Leader of the Year for 2012 and 2016. Joe has taken great pleasure in volunteering his time and expertise to local non-profit organizations that are focused on assisting children, either by providing emergency shelter or by providing quality education. Joe is married to Kathy (46 years). They have two sons, two granddaughters, and three grandsons.