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.