Federal Tax Updates: Recent Court Cases

Overview

Stay current with the latest federal tax law changes and court cases. Expect a straightforward yet compelling overview of hot topics like classifying taxpayer activities as a trade/business or investment, substantiating charitable contributions, understanding when lawsuit settlements are tax-free, navigating complex rules for disability payments, identifying abusive tax shelters, distinguishing alimony from property settlements, recognizing hobby loss pitfalls, and properly proving deductible business expenses.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • recall key factors in determining if an activity is a trade/business vs investment
  • identify substantiation requirements for charitable contributions
  • recognize when lawsuit settlement proceeds are tax-free under IRC §104
  • distinguish tax rules for disability payments from employer vs employee
  • categorize payments as alimony vs property settlement for tax purposes
  • select proper methods for substantiating business expenses based on court cases
  • recognize recent tax court decisions and IRS guidance on relevant topics

Tax Year: 2023

Designed For:

CPAs, EAs, CRTPs, and other accounting, tax, and finance professionals 


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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None