Federal Tax Update: Legal Changes, Legislative Gaps and IRS Enforcements ON DEMAND

Overview

Edward Zollars, CPA, explores key shifts in the tax landscape, from the IRS Direct File program’s rollout and its cost-effectiveness debate to heightened scrutiny of ERC claims. He emphasizes audit preparedness, accurate documentation, and evolving IRS guidance. Zollars also examines the Loper Bright case’s impact on agency regulation interpretation and the Express Scripts decision’s implications for software-related deductions, equipping professionals to navigate today’s complex, rapidly changing tax environment.

Highlights

Financial disclosure requirements. Automation for accountants. Artificial intelligence in accounting. Federal tax updates.

Prerequisites

None.

Designed For

CPAs and tax professionals.

Objectives

Identify the purpose and limitations of the IRS Direct File program and its impact on federal and state tax filings. Recognize key documentation requirements and reporting issues related to Employee Retention Credit (ERC) claims, including audit preparedness. Recall the implications of the Loper Bright decision and its effect on Chevron deference and agency regulation interpretation. Distinguish the key factors in the Express Scripts case that affect eligibility for software-related deductions under Section 199.

Preparation

None.

Notice

None.