Be prepared before the tax season starts! Find out about the latest federal tax law changes, court decisions, and IRS pronouncements related to partnerships, LLCs, and C and S Corporations. Our discussion leaders will identify ways to integrate the latest tax law changes into planning and compliance engagements and help you provide more value- added services to your clients. With the ever-changing tax laws and their increased complexity, you can’t afford to miss this course!
Topics Discussed:
•Latest changes to federal tax statutes, regulations, cases, and rulings for pass-through entities and C Corporations
•Passive loss, at-risk and basis developments for flow-through entities
•The latest on reasonable compensation issues for corporate shareholder/employees and the latest about self-employment issues for partners and LLC members
•New developments in the capitalization versus expense debate
•Property transactions: depreciation and amortization, gains and losses
•Planning for the use of nontaxable transactions to defer tax liability
•Accounting methods and periods
•Compensation issues: fringe benefits, pensions, and profit-sharing plans
•Practical, time-saving return preparation tips from leading tax practitioners
•Late-breaking tax legislation