Disaster Relief Act of 2024
Total Credits: 1 including 1 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Tax Institute | IRS Approved | Tax
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 1 Hour
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
Literally thousands of individual taxpayers may have increased deductions or exclusions from gross income as a result of the Disaster Relief Act of 2024. Casualty provisions of the Act are retroactive to December 19, 2019 through early 2025. Both low and high income taxpayers may benefit from the Act through exclusions of payments received as compensation for wildfire damages - retroactive to 2014! This course will review the provisions of this new act.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Basic Course Information
Major Subjects- Federal Disaster Relief Act provisions enacted in December, 2024
- Comparison of personal use casualties with business/investment casualties
- When to claim casualty losses
- How to postpone casualty gains
- Business casualty gains and depreciation recapture
Learning Objectives
- Implement practical strategies based on a thorough understanding of the complex rules for casualty losses and casualty gains
- Identify and recall key compliance issues
- Identify and recall significant issues in the casualty loss tax form
Course Materials
| IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_2_2025 (442.6 KB) | Available after Purchase | ||
| IRS Credit Instructions (267 KB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Dates
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Mon, May 05, 2025 - 09:00am to 10:00am EDT
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Thu, May 22, 2025 - 07:00pm to 08:00pm EDT
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Sat, Jun 07, 2025 - 01:00pm to 02:00pm EDT
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Fri, Jun 20, 2025 - 03:00pm to 04:00pm EDT
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Fri, Jun 27, 2025 - 05:00pm to 06:00pm EDT
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Tue, Jul 01, 2025 - 09:00am to 10:00am EDT
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Thu, Jul 17, 2025 - 11:00am to 12:00pm EDT
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Tue, Aug 12, 2025 - 01:00pm to 02:00pm EDT
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Thu, Aug 28, 2025 - 03:00pm to 04:00pm EDT
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Thu, Sep 04, 2025 - 07:00pm to 08:00pm EDT
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Tue, Sep 16, 2025 - 09:00am to 10:00am EDT
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Sat, Oct 04, 2025 - 11:00am to 12:00pm EDT
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Thu, Oct 16, 2025 - 01:00pm to 02:00pm EDT
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Mon, Nov 10, 2025 - 03:00pm to 04:00pm EST
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Thu, Nov 20, 2025 - 05:00pm to 06:00pm EST
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Wed, Dec 03, 2025 - 09:00am to 10:00am EST
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Thu, Dec 18, 2025 - 11:00am to 12:00pm EST
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Sat, Dec 27, 2025 - 01:00pm to 02:00pm EST
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Mon, Jan 05, 2026 - 03:00pm to 04:00pm EST
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Tue, Jan 27, 2026 - 07:00pm to 08:00pm EST
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Thu, Feb 05, 2026 - 09:00am to 10:00am EST
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Wed, Feb 25, 2026 - 11:00am to 12:00pm EST
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Mon, Mar 02, 2026 - 01:00pm to 02:00pm EST
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Tue, Mar 17, 2026 - 03:00pm to 04:00pm EDT
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Sat, Apr 11, 2026 - 05:00pm to 06:00pm EDT
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Tue, Apr 28, 2026 - 09:00am to 10:00am EDT
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Additional Info
Basic Course Information
Prerequisites Basic working knowledge of individual and business taxationAdvanced Preparation
None
Designed For CPAs and members in industry seeking an in-depth review of casualty loss reporting
Original Recording Date 04/2025
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 03/11/2025
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.