NJSEA: 2023 Federal Tax Updates Webinar

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Description

NJSEA: 2023 Federal Tax Updates Webinar
IRS Program #: RNSV5-U-00357-23-O
CE: 3 IRS update & 3 CFP credits
Speaker: Frank Degen, EA, USTCP

This session will review the key changes (both statutory and administrative) to tax law for 2023 that impact individuals and small businesses. Attention will be placed on the provisions of the Inflation Reduction Act with emphasis on the new energy and EV credits; provisions of the Secure Act 2.0; significant Appeals Court and lower court tax cases; and various IRS Notices and guidance. Changes involving the 2023 IRS tax forms will be reviewed.

Learning Objectives:

Note the changes to 2023 Form 1040 and associated Schedules.
Identify many of the significant changes legislated by Congress in the Inflation Reduction Act (IRA) and the Secure Act 2.0.
Understand the significant court decisions in 2023 and their impact on taxpayer representation.

Contributors

Frank Degen, EA, USTCP

Frank Degen, EA, USTCP, is an NTPI Fellow™, is a self-employed practitioner in Setauket (Long Island), New York.  He has a bachelor’s degree in mathematics from Iona College and a master’s degree from John Hopkins University. He became an Enrolled Agent in 1984.

Frank is a fellow of the National Tax Practice Institute. He is also a non-attorney admitted to practice in the United States Tax Court.

Frank served two terms as President of the National Association of Enrolled Agents (NAEA). His first term was during the 2005-2006 year; his second term was during the 2012-2013 year. He served as NAEA GRC Chair for 4 years (2006-2010). He also previously served two terms as a NAEA Director. He was a three-term president of the New York State Society of Enrolled Agents (NYSSEA) and was awarded the NYSSEA Founders Award in 1999. He is the only NAEA member to have received five NAEA Awards: The Excellence in Public Awareness Award (2001), the EA Mentor Award (2004), the prestigious Founders Award (2006), the Advocacy Award (2013) and the Excellence in Education Award (2018).

He has been quoted extensively in publications such as The Wall Street Journal, Business Week, US News and World Report, USA Today and Kiplingers. He has done many radio interviews for NAEA (including repeated interviews with MarketPlace Money on National Public Radio), is a four-time panelist on TaxTalkToday and has appeared on the NBC Nightly News. He has testified on behalf of NAEA before the IRS Oversight Board, the Senate Finance Committee, and the House Ways & Means Oversight Sub-Committee. He was chosen three times by Accounting Today to its "Top 100" list. He served a three-year term on the Internal Revenue Service Advisory Council (IRSAC) and was Chair in 2009.