BUNDLES

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
• Anti-Injunction Act
• Reporting
• Tax Liens
• Trust Fund Taxes
• ERC
• Dual Purpose Communications
• Sunset Provisions
• Other Issues
• Updates on Schedule K-2s & K-3s
• Cryptocurrency

 Part III:  Business Entities Updates

• Partnership Updates
• Schedules K-2s/K-3s
• Compensation
• Cancellation of Indebtedness
• Business Deduction
• Start Up Expenses
• Transfer Pricing
• Penalties
• Litigation Expenses
• Charitable Entities
• Substance Over Form
• Non-fungible Tokens

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.

Course Description

This year has already seen some changes in tax law with Secure Act 2.0 and we will most likely see some more whether we want it or not. This course will provide a comprehensive review of business income tax complexities, including updates of tax legislation, planning strategies, and will be essential for the tax practitioner who wants to update their knowledge of business income taxation to assist their clients better. As we look at all the changes made over the year, we will discuss the options your client has to get the most out of their return. This course will cover a broad range of topics you won’t want to miss.

Learning Objectives

To provide participants with both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1099’s, 1041, 706, 1065, 1120, 1125 A, and 1125 E (business issues) and various business income tax returns for the tax season.

• Review of essential IRC Sections
• Review of new legislation
• Schedule C and Schedule F issues
• Schedule E Issues
• Partnership issues
• Corporation issues
• LLC issues
• Qualified retirement plan issues
• IRC 280
• 199A Pass-Through broken down
• Secure Act 2.0
• Current Tax Topics

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification. Upon course completion a course evaluation form is provided for your feedback. Participants have 1 year from the date of purchase/enrollment to complete this course CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

This class not only serves as tax compliance but also as a client planning course. Whether your a CPA, Enrolled Agent, or other Tax Preparer you serve your clients not only as the individual providing tax season support but you should also be advising your client and guiding them on how to best manage and protect their monies/business. This starts on day one of client acquisition. What is the best formation of their company, where can they get the most bang from their buck, LLC, C/S-Corp, partnership, fringe benefits, tax breaks, payroll, employing a child, revenue streams, money markets, cryptocurrency, IRA's, employer/employee benefits, maximizing tax deductions, and more. Learning Objectives: List the benefits and pitfalls of each business entity Identify employer/employee fringe benefits List ways to minimize your clients tax liability State current Tax Rates Identify qualified and non-qualified plans Define when cryptocurrency is reportable and calculating gains and losses To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements Upon course completion a course evaluation form is provided for your feedback. Participants have 1 year from the date of purchase/enrollment to complete this course CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

This bundle includes all self-study courses and all scheduled webinar courses

Business Federal Tax Update  Credits: 8 Format: Live In Person Event Field of Study: Taxes | Federal Tax Update Author/Speaker: Shelli Houston Course Description This year has already seen some changes in tax law with Secure Act 2.0 and we will most likely see some more whether we want it or not. This course will […]

COURSE SUMMARY GOES HERE

COURSE SUMMARY GOES HERE

COURSE SUMMARY GOES HERE

December 4th

Federal Tax Update Seminar Credits: 8 Format: Live In Person Event Field of Study: Taxes | Federal Tax Update Author/Speaker: Shelli Houston Course Description This year has already seen some changes in tax law with Secure Act 2.0 and we will most likely see some more whether we want it or not. This course will […]