NJSEA Webinar Education
2022 Federal Tax Updates
Thursday January 12th 2023
6:30pm - 9:30pm
Via Zoom
Cost: $60 for Members and $80 for Non-Members
Where
This is an online event.Description:
This session will review the key changes (both statutory and administrative) to tax law for 2022 that impact individuals and small businesses. Attention will be placed on the Secure Act 10-year rule; the provisions of the Inflation Reduction Act with emphasis on the new energy credits; significant Supreme Court and lower court tax cases; and various IRS Notices and guidance. Changes involving the 2022 IRS tax forms will be reviewed. (3CE)
- Key changes (both statutory and administrative) to tax law for 2022 tax returns that impact individuals and small businesses.
- Update on Secure Act 10-year rule
- CARES Act final re-contributions
- Inflation Reduction Act - General Provisions
- Inflation Reduction Act - Homeowner Energy Credits
- Inflation Reduction Act - Electric Vehicle Credits
- Form 1040 - updates to 2022 forms
- Numerous IRS guidance items
- Significant Court Cases
Learning Objectives
After attending this session, you will be able to:
- Note the changes to 2022 Form 1040 and associated Schedules
- Identify many of the significant changes legislated by Congress in the Inflation Reduction Act (IRA)
- Understand the significant court decisions in 2022 and their impact on taxpayer representation.
Frank Degen, EA, USTCP, 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 an 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.
He has spoken on tax issues on the national, state and local levels including 22 NAEA Affiliates and has given numerous presentations at the IRS Nationwide Tax Forum.
