IRS Mystery Numbers:  1042, 1031, 1202 & 453(a) in Plain English

The U.S. tax code is full of numbered sections that sound more like secret codes than practical rules. Numbers like 1042, 1031, 1202, and 453(a) often come up in financial, investment, and tax discussions—but for many people, they’re confusing and intimidating. This presentation breaks down these “IRS mystery numbers” into plain English.  We’ll focus on what each tax code and related election is, who the apply to, and why they matter in real-world situations.  Understanding these provisions are not just for tax professionals—they can have major implications for investors, business owners, and anyone involved in tax or long-term financial planning.  Attendees will gain more clarity and a practical grasp of what these mean and when they might apply.

Agenda:

11:30 am | Registration and networking
12:00 pm | Lunch and presentation
1:00 pm | Conclusion

Speaker:

Naomi D Ganoe, CPA, CFP, MT
Managing Director and Private Client Service Regional Practice Leader
CBIZ

Naomi serves as the Private Client Services Practice Leader for the Central Region of CBIZ. She focuses on being an innovative leader while providing advisory services to individuals and business leaders on estate, fiduciary, gift, business and personal tax planning matters. Naomi has served as an advisor to senior-level executives of publicly traded and privately held companies on income tax, estate and gift planning, trust taxation and implementation, options, personal financial planning, cash flow analysis and retirement planning. She has also successfully represented clients in IRS Audits and Tax Controversies. 27 years of experience at CBIZ.