Multistate Taxation WEBCAST
Overview
Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients? Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients We use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities as a result of the latest tax legislation, including the SECURE 2.0 Act, and IRS guidance.
Highlights
Starting a business - the tax life of a business. Selecting a business entity type. Section 199A and the Qualified Business Income deduction. Accounting methods. Reasonable compensation issues. Depreciation. Section 179, and bonus depreciation planning considerations. Retirement planning. Buy-sell and noncompete agreements. Tax considerations when selling a business. Partnership hot assets and other look-through provisions.
Prerequisites
Basic knowledge of business taxation.
Designed For
CPAs looking for innovative tax planning and savings techniques to solve client problems.
Objectives
Identify important tax considerations for the small business at each stage of its life. Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs. Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders. Recall the tax implications of contributions by new investors to corporation and partnership. Identify the benefits and structures of buy-sell agreements for small business owners.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Bruce Nelson, AICPA Learning
Bruce M. Nelson, MA, is a CPA with the law firm of Silverstein & Pomerantz LLP. (He is not a licensed attorney) Prior to joining Silverstein & Pomerantz, he was the Manager of Tax Policy for two years at the State of Colorado. Before that, he was a Senior Tax Manager for several years in a “Big Four” accounting firm, where he ran the state and local tax desk. Bruce earned a Bachelor of Arts degree from the University of Nebraska-Lincoln and a Master’s degree from Colorado State University, and he is a certified public accountant in the state of Colorado. He is also on the adjunct faculty for Regis University where he teaches courses in individual, partnership, and corporate taxation. He is a frequent seminar speaker and teaches continuing education classes in state and local tax for the University of Denver’s Graduate Tax Program, the Colorado Society of CPA’s, and the American Institute of CPAs. Bruce has published more than thirty tax articles in many publications including the Journal of Accountancy, Tax Executive, Controller Magazine, the Journal of Multistate Taxation, State Tax Notes, and Colorado Lawyer. A regular columnist for the Journal of State Taxation, he is also the co-author of the Sales and Use Tax Answer Book and co-editor of the Guidebook to Colorado Taxes, both published by Commerce Clearing House. He is a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants, where he served on the State Tax Committee for four years.
Non-Member Price $199.00
Member Price $174.00