Overview
The latest tax developments affecting corporations and pass-through entities [bold]
A slate of final regulations affecting corporations and pass-through entities go into effect in 2023, including guidance on the excise tax on corporate stock repurchases and partnership interest transfers and distributions.
Important court rulings and IRS publications [bold]
All-new content includes:
IRS revenue rulings
Noteworthy court cases
Notices, FAQs and private letter rulings
Chief counsel advice memoranda in 2023
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
Partnerships interest transfers
Pass-through losses
Inadvertent S election terminations
Qualified opportunity fund (QOF) self-certification
Excise tax on corporate stock repurchases
Corporate alternative minimum taxes
Form 1099-K requirement changes
Prerequisites
Basic understanding of federal income taxation
Objectives
- Recognize the 2023 limitations for various tax credits, fringe benefits, and other items of income.
- Identify new and expiring business tax credits for 2023.
- Recognize the effect of Actions on Decisions on future tax matters.
- Recall the reporting requirements for Form 1099-K.
- Recognize new final and proposed regulations that pertain to partnerships.
- Identify the circumstances when an S election is terminated.
Highlights
Corporate AMT
Tax-free reorganizations
IRS pilot compliance program
Partnership audit regime updates
Subchapter S election termination
