Overview
If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated to reflect enacted legislation.
Prerequisites
Experience with pass-through entity clients
Objectives
- Understand the current planning issues for businesses
- Understand how recent legislation impacts planning for pass-throughs
- Understand what pass-throughs can do in light of tax law changes
Highlights
Comprehensive coverage of business provisions of the One Big Beautiful Bill Act, including but not limited to:o
- Bonus Depreciation made permanent
- Increased §179 deduction
- Changes to §174 R&E Expenditures
- Changes to §163(j)
- Form 1099/1099-K changes
- Qualified Small Business Stock Exclusion
- Excess Business Loss Limitation
- Section 1244 Small Business Stock and Section 1202 Qualified Small Business Stock treatment and applicability
- Guidance on the impact of recent legislation on S corporations and partnership entities
- A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liabilitycompanies, and limited liability partnerships
