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Advanced Business and Individual Tax Issues - Planning and Compliance for Experienced Return Preparers - Tax Team

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$320.00

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school Credits

  • Up to: 8.00 credits - Taxes

volume_up Speaker(s)

E. Nichols

E. Lynn Nichols, CPA

Michael Tucker


Dean Cochenour

Carey & Company, PA

W McGough

Merline & Meacham

About This Course

Cases, Rulings, Regulations, FAQs … it’s been a busy year for those who have responsibility for advising clients on tax matters and assuring proper preparation of tax returns.  Fallout from the TCJA of 2017 continues to raise questions and create opportunities to help clients reduce their Federal income tax burden.

Program Includes:
• Code Section 163(j) – Business interest limitation
• Code Section 168(k) – Qualified Improvement Property and any late changes to allow 15-year life
• Code Section 179 – Election to expense certain depreciable assets
• Code Section 199A – Qualified business income
• Code Section 461(l) – Excess business losses of non-corporate taxpayers
• Income tax regulations issued to implement portions of the TCJA of 2017
• Revenue Rulings, Notices, Revenue Procedures providing compliance guidance for new tax law
• Changes to Kiddie Tax
• Limits on itemized deductions

Objectives

Learning Objectives:
• Document important tax “elections”
   o Accounting methods
   o Cost recovery of tangible property
• Analyze basis in LLCs, partnerships and S corporations
• Compile information necessary for proper completion of new forms
• Comply with any new reporting requirements
   o Net operating losses and business interest limitation
   o Take advantage of favorable court decisions
   o Follow IRS published guidance
      - Forms
      - FAQs
      - Publication 947 – Practice before the IRS and Power of Attorney

This Course Is Recommended For

<strong>Designed For:</strong> CPAs, EAs and Attorneys who have primary responsibility for helping business and individual taxpayers comply with Federal tax law.