Advanced Business Tax Planning and Current Developments for Tax Specialists - Tax Team

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school Credits

  • Up to: 8.00 credits - Taxes

volume_up Speaker(s)

Arthur Werner

Werner-Rocca Seminars, Ltd.

E. Nichols

E. Lynn Nichols, CPA

Dean Cochenour

Carey & Company, PA

About This Course

A federal income tax update focused primarily on developments after July 2018.  Topics are selected for their applicability and likely interest to CPAs who are assisting clients with  planning for, and complying with complex Federal income tax matters affecting income tax liabilities of business enterprises and their owners.

Program Includes:
• Tax planning opportunities and how to take advantage of them with minimal audit risk
• TCJA 2017 Guidance… Regulations, Revenue Rulings, Notices and Revenue Procedures
   o Limits on losses
   o Automated accounting method changes
   o Simplified employee benefit programs
• Court decisions affecting Federal income tax planning and compliance for business entities
   o Quick review of worker classification
   o Employer provided meals and other fringe benefits
   o Recordkeeping requirements


Learning Objectives:
• Take advantage of changes in the law for your clients benefit…
   o Defer income
   o Change accounting methods
   o Get maximum Section 199A deductions
   o Avoid loss limitations
   o Get maximum benefit from a Cost Segregation Study
• Document compliance with the law
• Avoid IRS “Hot Buttons”
• Follow IRS “Safe Harbor” guidance on complex issues

Major Subjects

  • Tax Planning with Fringe Benefit Programs
  • IRC Sec. 199A Qualified Business Income Deduction
  • IRC Sec. 163(j) Business Interest Limitation
  • IRC Sec. 461(l) Limitation on Excess Business Losses
  • Accounting Method Changes – New Form 3115, Instructions, and Revenue Procedures
  • Depreciation and Cost Recovery

This Course Is Recommended For

<p><strong>Designed for:</strong> CPAs with Federal income tax preparation experience and direct responsibility for applying the tax law to business enterprises.</p>