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What’s New for 2022

Course Description

An important part of being a responsible tax preparer, is keeping up to date on new tax laws and updates.  This course concentrates on items affecting individual taxpayers during the 2022 calendar year that will be important in planning for the 2022 calendar year and the preparation of the 2022 income tax returns.

Lesson Objectives

Upon completion of this course, What’s New for 2022, the participant will be able to:

  • Know how the annual inflation adjustments affect the income tax rates, deductions and credits for 2022
  • Recognize inflation adjustments that affect international taxpayers
  • Calculate the inflation adjusted penalties
  • Discuss the 2022 retirement plan contribution limits
  • Identify taxpayers who may be affected by repayment of prior year distributions from retirement plans
  • Know which taxpayers are required to take minimum distributions from retirement plans
  • Understand which tax provisions have expired and which have been extended
  • Discover the improvement made to the IRS online services
  • Assist clients to voluntarily apply for an Identity Protection PIN
  • Gain awareness as to the changes proposed by the Build, Back, Better Act.

Course Guidelines

  • The self-study format allows you to access the material online 24/7 and study at your own pace
  • All Self-Study courses are to be completed, and the final exam submitted, within 1 year from the date of purchase as shown on your invoice. No extensions will be allowed.
  • To obtain CE credit, the participant must obtain a passing score of at least 70%.  Test takers will not be provided feedback on incorrect answers
  • Complete your final exam at any time and get graded instantly. You can retake the exam up to three times at no additional charge.
  • Upon passing the exam, you will be able to print your own certificate of completion.

Disclaimer

This course material deals with complex matters and may not apply to particular facts and circumstances.  As well, the material contained reflects laws and practices which are subject to change.  For these reasons, the course material should not be relied upon as a substitute for specialized professional advice