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Federal Individual and Business Tax Update

EVENT DATE:

Oct 26,2023

PRESENTER(s): J. Patrick Garverick

12:00 PM ET | 11:00 AM CT | 9:00 AM PT | 480 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved NASBA & IRS CPE Credit 8(Taxes)

This course is essential for the tax practitioner who wants to update their knowledge of Individual & Business income taxation. This course will provide a comprehensive review of Form 1040 complexities. Included will be a thorough review of all tax codes made by the SECURE Act and the CARES Act.

This session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures and private letter rulings affecting individuals and businesses. Each participant will receive a comprehensive manual with the hottest tax topics including Pat Garverick’s Quick Reference Chart

Federal Individual Income Tax Update Part 1

Date: Oct 26, 2023 |Time: 12:00 PM ET | 11:00 AM CT | 09:00 AM PT | 240 Minutes

Session Highlights: 

  • Review of essential IRC Sections
  • Review of individual changes made by any recent legislation
  • New credits, deductions, and tax relief
  • Income issues
  • Income and exclusions from cancellation of debt
  • Itemized deduction issues 
  • Health reform and medical issues
  • Special income tax treatment of COVID 19 stimulus payments
  • COVID – 19 related extensions, carryovers, and effect on loss rules
  • Maximum benefit from an office-at-home, education deductions and credits
  • Health insurance, HRAs, HSAs, Changes in the law by Congress
  • Kiddie tax

Federal Business Income Tax Update Part 2

Date: Oct 27, 2023 | Time: 12:00 PM ET | 11:00 AM CT | 09:00 AM PT | 240 Minutes

Session Highlights: 

  • Review of essential IRC Sections
  • Review of business changes made by the Tax Cuts and Jobs Act of 2017
  • Review of internal revenue code section 199A (pass-through entities) including an understanding of the newly released IRS guidance
  • Schedule C and Schedule F issues
  • Discuss other important IRS audit areas such as: 
  •   Basis and at-risk limitations for S shareholders and partners 
  •   Passive activity losses and real estate professionals 
  •   Self-employment taxes 
  • Schedule E Issues
  • Partnership issues
  • Corporation issues
  • LLC issues 
  • Special rules for dealing with COVID subsidies
  • Code Section 461(l) interacts with Section 382 and its carryover rules
  • Defaulted loans
  • Bankruptcy issues
  • COVID-19 related changes in the tax law
  • The CARES, HEROES, and HEALS acts
  • Special rules relating to business use of your home
  • Reporting the conversion of personal use property to business use (part of a residence, furniture,

Credits and Other information:

  • Recommended CPE credit – 8.0
  • Recommended field of study – Tax
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: PJGWS-U-00065-23-O
  • Attendance Requirement:  Yes
  • Session Duration: 8 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners


Speaker Profile:
Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.

In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants, and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.

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