With the increasing complexity and ever-changing nature of tax laws and issues, today's accountant needs a one-day update course focusing on business income tax issues. This comprehensive class will not only review the current Federal business income tax laws but will also update tax return preparers of new tax forms, changes to existing tax forms, as well as tax planning opportunities and pitfalls. This is a "must-attend" course for all tax practitioners who want to be up to speed quickly and have a successful Federal business income tax filing season.
Pat has been teaching tax seminars for 25 years and has won numerous awards for his teaching and his course materials. Click here to see his presentation on HSA Contributions and Distributions.
Once participants have completed this session they should be able to: Understand the major Federal income tax laws impacting C & S corporations, partnerships, LLCs, LLPs and their owners Recognize any new legislation signed into law by President Trump and IRS guidance affecting business income tax returns Identify the Affordable Care Act (ACA) income tax provisions that were repealed and retained
This session is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2018 tax returns and 2019 tax projections with an emphasis on newly enacted tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, as well as the Phoenix Beach Quick Reference Chart. Topics include but are not limited to: Detailed coverage of any new business income tax legislation signed by President Trump and ACA taxes, penalties and credits repealed and retained Overview of the new partnership regulations on allocating recourse/non-recourse debt, disguised sales and new centralized partnership audit regime Look at any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms Recent changes to depreciation and 179 expense Issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans