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Year 2023 Tax Update

This comprehensive federal Tax Update will cover all new tax legislation, including a comprehensive review of the changes made by the Inflation Reduction Act, Consolidated Appropriations Act, Corporate Transparency Act, and other new tax legislation enacted by the Biden administration; and other new regulations, cases, and rulings in all areas of federal taxation. 

Learning Objectives

After completing this course the participant will be able to:

  • Describe the legislative changes made by the Inflation Reduction Act (IRA), including: the increase in IRS funding; IRA provisions effective in 2023; purchase of a new or used electric vehicle; new rules for making energy improvements to your residence, including energy efficient building envelope costs and residential energy expenditures; adding solar and a battery backup to your residence; nonbusiness casualty losses in a Presidentially declared disaster area; and the tax treatment of any state or property tax refunds.
  • Discuss the legislative provisions in the CAA of 2023 dealing with the retirement changes in the SECURE 2.0 Act and conservation easement tax shelters.
  • Discuss the latest guidance on digital assets, including NFTs as a collectible, donating a digital asset to a charitable organization, receiving a digital asset as a payment for services, and the sale of digital assets including elections for dealers and traders, wash sales, and FBAR and FATCA reporting for digital assets, including newly issued proposed regulations for brokers and dealers and Form 1099-DA.
  • Describe the options for distributions from qualified plans and IRAs and the effect on stretch IRAs, especially since proposed regulations have been issued which affect the 10-year payout, including the new required beginning date of age 73, 25% and 10% penalty for failure to take a required minimum distribution, and waiver of a RMD in 2023.
  • Explain new developments that affect S corporations (including disproportionate distributions and second class of stock), LLCs, and partnerships, including the PTE election, the current status of filing Schedules K-2 and K-3, the updated Schedule K-1 for Form 1065, and other changes to Form 1065 and Form 1120S.
  • Discuss the new requirements under the Corporate Transparency Act for small businesses to report beneficial ownership information.
  • Summarize the most recent tax accounting provisions, including Rev. Proc. 2023-24 on changes in methods of accounting and the updated instructions to Form 3115.
  • Describe the latest changes affecting passive activity losses, including the rules that apply to real estate professionals and CCA 202151005, which details whether the income or loss from an Airbnb is reported on Schedule C or Schedule E.
  • Discuss the current status of the return preparer rules, e-filing requirements, and PTINs.
  • Describe the latest developments in IRS procedures and practices, including Circular 230 and an update on the abatement of penalties. (One hour ethics credit.)
  • Discuss the recent changes in the estate and gift tax rules, including the basis of property in an Intentionally Defective Grantor Trust.
  • Discuss recent developments in employment and self-employment tax.

The AES Tax Update is well known as a detailed update covering not only new tax legislation, regulations, and other guidance, but also recent court cases whose outcomes impact your tax practice. The instructors are experienced CPAs and tax attorneys who consistently receive high marks as seminar leaders. You will receive the slides that the instructor will use (a printed manual if you attend in person or a searchable PDF if you attend online) as well as a PDF of the substantial 14-chapter manual. It is a valuable reference that you will use often during busy season. 





 

 


AES Year 2023 Tax Update Seminar IN PERSON

The Year 2023 Tax Update seminar will be taught online Nov. 2023-January 2024 (and in person in Colorado and Hawaii).
Scroll down, below the in-person classes, to see the grid of when each instructor is teaching ONLINE.

 

Isaac Lodico

Isaac Lodico

Mark Merric

Mark Merric

Carl Miller

Carl Miller

Claire O'Neal

Claire O'Neal

Mark A. Vogel

Mark Vogel

To Register

  1. Log in to your account on this website.
  2. Click on the class you want to attend, from the list on this page (or, if online, on any of the seminar calendars) to go to the course description page.
  3. Click on the green Register button to add the class to your cart.
  4. Repeat steps 2 and 3 until all the classes you want are in your cart.
  5. Go to your cart (click on the shopping cart icon next to your name in the upper right-hand corner of the screen) and check out.

 

For details on how AES Internet courses work, please see the Internet Courses page. You can type in questions that the instructor will answer during the seminar, but only the instructor is seen or heard online.

 

The AES Tax Update seminar counts toward continuing education requirements for CPAs, and for enrolled agents and tax return preparers as 1 hour Federal tax ethics and 7 hours Federal tax update. Some states require state-specific ethics content that will not be covered in this course.

Course level: Update

Prior knowledge required:
Working knowledge of federal income taxation

IRS Program IDs: 
7 hours federal tax update, MF2AY-U-01416-23-O
1 hour ethics, MF2AY-E-01415-23-O

CTEC Program ID:  1066-CE-1225
(1 hour ethics, 7 hours federal tax update)

Price:

  • $220 for Tax Update only, purchased on or after Sept. 1, 2023; or $250 for Tax Update plus 8 additional hours of online seminars you can attend through Feb. 2025, purchased on or after Sept. 1, 2023
  • $700 Pass for unlimited online-only seminars through February 9, 2024 (for one person)
  • Firm Pass: See the Pass page or call 720-389-5900 for pricing

Code Seminar Location Get details or register

AES Year 2023 Tax Update Seminar ONLINE: Instructor and Time Grid

  • All seminar dates taught by a particular instructor are listed horizontally in the row containing the instructor's picture.
  • Seminars that start at the same time are listed vertically in a column, and the header tells you what time the seminar will start and end in various time zones.
  • To register, log in to your account on this website and click on the seminar date below to go to the registration page for that seminar.
Instructor Seminar Time
7:30 a.m.-3:00 p.m. Mountain
which is
9:30 a.m.-5:00 p.m. Eastern
8:30 a.m.-4:00 p.m. Central
6:30 a.m.-3:00 p.m. Pacific
Dates are below
Seminar Time
8:30 a.m.-4:00 p.m. Mountain
which is
10:30 a.m.-6:00 p.m. Eastern
9:30 a.m.-5:00 p.m. Central
7:30 a.m.-3:00 p.m. Pacific
Dates are below
Seminar Time
9:30 a.m.-5:00 p.m. Mountain
which is
10:30 a.m.-6:00 p.m. Central
8:30 a.m.-4:00 p.m. Pacific
7:30 a.m.-3:00 p.m. Alaska
Dates are below
Isaac Lodico Isaac Lodico #826 Tues, December 5, 2023
#830 Thur, December 7, 2023
#835 Mon, December 11, 2023
#850 Wed, December 20, 2023
#859 Wed, January 3, 2024
#816 Tues, November 28, 2023
#820 Thur, November 30, 2023
#842 Thur, December 14, 2023
 
  7:30 a.m.-3:00 p.m. Mountain 8:30 a.m.-4:00 p.m. Mountain 9:30 a.m.-5:00 p.m. Mountain
Mark Merric Mark Merric #812 Wed, November 22, 2023
#821 Fri, December 1, 2023
#824 Mon, December 4, 2023
#832 Fri, December 8, 2023
#837 Tues, December 12, 2023
#854 Fri, December 22, 2023
#861 Thur, January 4, 2024
#877 Fri, January 19, 2024
#818 Wed, November 29, 2023
#829 Wed, December 6, 2023
#844 Fri, December 15, 2023
#847 Mon, December 18, 2023
#871 Fri, January 12, 2024
 
  7:30 a.m.-3:00 p.m. Mountain 8:30 a.m.-4:00 p.m. Mountain 9:30 a.m.-5:00 p.m. Mountain
Carl Miller Carl Miller    #807 Thur, November 16, 2023
#811 Tues, November 21, 2023
#814 Mon, November 27, 2023
  7:30 a.m.-3:00 p.m. Mountain 8:30 a.m.-4:00 p.m. Mountain 9:30 a.m.-5:00 p.m. Mountain
Claire O'Neal Claire O'Neal #841 Thur, December 14, 2023
#848 Tues, December 19, 2023
#863 Fri, January 5, 2024
#867 Tues, January 9, 2024
#874 Tues, January 16, 2024
#876 Thur, January 18, 2024
#838 Tues, December 12, 2023
#853 Thur, December 21, 2023
#860 Wed, January 3, 2024
#875 Wed, January 17, 2024
#869 Thur, January 11, 2024
#840 Wed, December 13, 2023
#873 Mon, January 15, 2024
  7:30 a.m.-3:00 p.m. Mountain 8:30 a.m.-4:00 p.m. Mountain 9:30 a.m.-5:00 p.m. Mountain
Mark A. Vogel Mark Vogel #806 Thur, November 16, 2023
#810 Tues, November 21, 2023
#813 Mon, November 27, 2023
#815 Tues, November 28, 2023
#817 Wed, November 29, 2023
#819 Thur, November 30, 2023
#823 Sat, December 2, 2023
#828 Wed, December 6, 2023
#843 Fri, December 15, 2023
#845 Sat, December 16, 2023
#846 Mon, December 18, 2023
#852 Thur, December 21, 2023
#856 Wed, December 27, 2023
#865 Sat, January 6, 2024
#866 Mon, January 8, 2024
#868 Wed, January 10, 2024
#870 Fri, January 12, 2024
#879 Sat, January 20, 2024
#880 Tues, January 23, 2024
#882 Fri, January 26, 2024
#883 Tues, January 30, 2024
#801 Fri, November 3, 2023
#802 Fri, November 10, 2023
#803 Mon, November 13, 2023
#804 Tues, November 14, 2023
#808 Fri, November 17, 2023
#809 Mon, November 20, 2023
#825 Mon, December 4, 2023
#827 Tues, December 5, 2023
#833 Fri, December 8, 2023
#834 Sat, December 9, 2023
#836 Mon, December 11, 2023
#839 Wed, December 13, 2023
#849 Tues, December 19, 2023
#855 Fri, December 22, 2023
#858 Fri, December 29, 2023
#864 Fri, January 5, 2024
#872 Sat, January 13, 2024
#878 Fri, January 19, 2024
#885 Thur, February 1, 2024
#805 Wed, November 15, 2023
#831 Thur, December 7, 2023
#851 Wed, December 20, 2023
#857 Thur, December 28, 2023
#862 Thur, January 4, 2024
#881 Thur, January 25, 2024
#884 Wed, January 31, 2024

10:30 a.m.-6:30 p.m. Mountain

(8:30 a.m.-4:30 p.m. Alaska)
#822 Fri, December 1, 2023

Attend an AES seminar and see why our participants say,

“The real-life cases and decisions were extremely insightful.”

“Great! Well balanced program and I learned techniques I will use in my practice.”

“It was fascinating!”

“The material covered is applicable to a wide range of clients.”

“This is the best class I have taken in 30 years of practice!”

 

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