Seismic changes in tax legislation is currently taking place, and the well-informed tax practitioner will want to attend this eight hour program in order to stay abreast of these developments.  This program will cover new court decisions, recent IRS publications, and the latest tax legislation that will impact businesses and individuals.  The remaining time will be spent on IRS procedure and other issues. This course will provide a concise look at the hottest topics affecting every tax practitioner.  

Who should Attend:  This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.  All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Program Content:

• Current business entity tax issues
• Any current tax legislation occurring during the period.
• Other issues affecting the profession, including IRS procedure, current cases, payroll, and other federal tax issues.

 Agenda:
Part I: Secure Act 2.0 – Employer Provisions

• Starter § 401(k) plans for small employers
• Requiring automatic 401(k) enrollment
• Improving worker access to emergency savings
• Increasing part-time workers’ access to retirement accounts
• Statute of Limitations on excise taxes imposed on overcontributions to retirement plans
• Multiple employer §403(b) plans
• Automatic portability provisions
• Other changes in the administration of company retirement plans

Part II:  IRS Procedure

• IRS Administration
• Statute of Limitations
• Penalties

Part III:  Business Updates/Cases

• Compensation
• Cancellation of Indebtedness
• Business Deduction
• Start Up Expenses
• Transfer Pricing
• Penalties
• Litigation Expenses
• Charitable Entities
• Substance Over Form

 Learning Objectives:

• Understand the newest tax developments and changes to the Internal Revenue Code
• Learn effective and efficient techniques for implementing new standards
• Become familiar with recent court cases and Treasury publications affecting individuals and business entities.
• Acquire a working knowledge of recent changes to IRS procedure.
• Become conversant of recently issued tax court opinions and their implications to taxpayers.
• Know the status of upcoming tax legislation and how it might affect clients.