CPE Catalog & Events

Common errors made involving tax forms. 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. Position authority. IRS rulings, procedures, and notices for the last year. New, updated, and expiring tax deductions and credits.

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.

Latest state of the economy. Expense control that works. Understanding our changing workforce and working environment. Financial risk analysis. Enterprise risk management. Improving bank relationships.

Most recent individual and business income tax legislation passed to date. Major tax changes to corporations, partnerships and/or individuals and any changes to the income tax forms and other related schedules. Numerous business income tax provisions. Individual and business income tax rates (e.g., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax). Other individual income tax topics and changes to filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income and income tax credits (e.g., child tax credit and dependent care credit). The NEW final required minimum distribution (RMD) regulations. Other important IRS audit areas such as basis and at-risk limitations for S shareholders and partners, passive activity losses and real estate professionals and self-employment taxes.

Comprehensive coverage of the Inflation Reduction Act. Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers. Retirements and redemptions: considerations for partnerships and S corporations. Timely coverage of breaking tax legislation. Schedules K-2 and K-3 reporting requirements, including the 2022 domestic filing exception and Form 1116 exemption. Form 7203. S Corporation Shareholder Stock and Debt Basis Limitations, with examples of how to calculate stock basis. Overview of the economics and tax consequences of crowdfunding campaigns. Selected Practice and Reporting Issues: What's new? A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships. New Form 1099-K reporting requirements. Bonus depreciation in 2023. Section 163(j) in 2023. Section 174 Research & Experimental Expenditures. New FinCEN reporting requirements in 2024. Employee vs independent contractor considerations that companies should be aware of. A review of like-kind exchange transactions under Schedule 1031. State and local taxes: pass-through entity workarounds. Special basis adjustments. including comprehensive examples.

Reviews of portions of error-prone "staff-prepared" Forms 1120S and 1065 from client-provided information. What are common errors preparers make and what are the areas generating malpractice claims? Initial administrative groundwork. The importance of Schedule M-1. Reporting requirements for Schedules K-2 and K-3. Don't fall prey to reporting oddities. When can seemingly separately stated Schedule K items actually be trade or business items to report on Forms 1120S or 1065. page 1? Form 1120S - What exactly is terminating S elections today? How do I recognize a second class of stock? Maintaining shareholder basis schedules; beware of final IRS regulations regarding "open debt"; the default method of calculating basis versus the election under Schedule 1367; can an S corporation distribute earnings and profits from C corporation years? Form 1065 - Why use Schedule 704(b) to maintain capital accounts; Schedule 704(c) regulations for preventing the shifting of tax consequences among partners or members; allocating recourse. Nonrecourse, and qualified nonrecourse debt; a review of Schedule 754 step-up in basis rules. Multiple checklists of efficient procedures to identify potential issues on an 1120S or 1065 tax return.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Delve into the latest legislative, judicial, and IRS updates from the past year.

The latest trends, regulations, and best practices that are shaping the world of accounting and finance.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Tax guide to exit planning. Partnership considerations: Section 754 elections and section 743. C to S corporation conversions. Recurring basis issues. At-risk basis rules and Form 6198. New developments relating to IRS audits. Status of audits for high-income and high-net-worth individuals. The 2023 Dirty Dozen. Residency and domicile. Crowdfunding: basic economics and related tax consequences. Choosing the right business entity.

Cryptocurrency. NFTs.

Federal individual income tax provisions and tax forms/schedules that will affect the 2024 tax returns and 2025 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Discuss the most recent individual income tax legislation passed to date. Review numerous individual income tax provisions related to business (i.e., sole proprietors and owners in pass through entities). Cover issues related and any changes to the various taxes (i.e., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax), Brush up on other topics such as income filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income, rentals, passive activity rules and individual income tax credits (e.g., child tax credit and dependent care credit). Walk through the NEW final required minimum distribution (RMD) regulations. Look at any changes to the Form 1040 and other related schedules and forms.

Federal business income tax provisions and tax forms/schedules that will affect the 2024 tax returns and 2025 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. The most recent business income tax legislation passed to date. Numerous business income tax. Issues related to compensation, distributions, liquidations, self-employment taxes, and retirement plans. Any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

New tax legislation, recent IRS updates, and key court cases.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.