Each year, income tax return preparation must take into account inflation-related changes to various limits and new tax laws. This course examines those changes and new laws. The 2023 Tax Filing Season Update course is designed to provide valuable information to persons preparing individual Form 1040 income tax returns reflecting clients' 2022 income. The course discusses new tax law and changes in various limits that reflect inflation, recent updates for the 2022 filing season, provides a general tax review, and examines important rules governing tax return preparer practices, procedures, and responsibilities. PLEASE NOTE: This course should NOT be repeated if you ordered the previous version (8140, 8140A, 8140B). Course material is similar to #8135: Federal Income Tax Changes Summary - 2022 therefore, we recommend that you should not take #8140 in the same CPE reporting period.All course material provided. No prerequisites. Course level: Basic.
EA Program Approval Number: ZX34G-T-00516-23-S
PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.