Description

An overview of the latest tax developments affecting corporations and pass-through entities

The world of business taxation is ever-changing. This engaging course delves into the most salient tax matters affecting businesses. All-new course materials focus the discussion on tax updates from the past year, including regulatory updates related to H.R. 1, commonly referred to as OBBBA.

- Latest tax legislation, court rulings, and IRS pronouncements related to corporations and pass-through entities

- Practical tips for return preparation

- Latest developments for businesses

- Unique insights into new planning strategies

- Latest developments on accounting methods and foreign tax issues

The course also focuses heavily on interpreting important proposed and final regulations affecting businesses.

Course materials provide in-depth analyses that practitioners can apply when serving their clients.

Topics include:

Inflation adjustments

Bonus depreciation limits

Research and experimentation expenditures

Pass-through losses

Inadvertent S election terminations

Instructor: William Harden

Target Audience

· Public accounting senior associates, managers, and partners

· Tax professionals in company finance or tax departments

Course Objectives

· Recognize the limitations of various tax credits, fringe benefits, and other items of income.

· Identify new and expiring business tax credits.

· Recognize the impact of recent court decisions on tax matters.

· Recognize new final and proposed regulations that pertain to pass-through and corporate entities.

Subjects

· Strategies for tax savings

· Business entity changes

· IRS administrative issues, compliance, and new forms

· Court cases settled in the last year that provide tax return guidance

· IRS rulings, procedures, and notices for the last year

· New, updated, and expiring tax deductions and credits

Prerequisites

Basic knowledge of federal income taxation