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Overview

8.0 Credits

Review current year developments, recurring problems, and planning ideas. Using a combination of humor and examples, focus on tax developments that affect 2019 Income tax return preparation and 2019 income tax planning for businesses. Review major areas of income taxation of businesses to fine tune practitioners for tax season.

Objectives

This course is designed to: 1) Provide explanations and planning ideas relating to the latest 2019 tax developments, including the most recent guidance on provisions of the Tax Cuts And Jobs Acts (TCJA) impacting corporations and businesses, 2) Help practitioners prepare for "tax season," and 3) Review and update corporate and business tax law developments and planning ideas. The course includes a 600+ page reference Manual with each chapter containing basic rules, selected items of interest, 2019 developments, planning ideas and listings of related IRS forms and publications. Where applicable each chapter of the Manual includes a segment devoted entirely to the impact of "TCJA" on that chapter's topic.

Major Topics

Review of Corporate and Other Business Income Taxation Including:

  • Key Provisions (including developments) under TCJA, such as: the 20% Section 199A Deduction; Sections 179 and 168(k); NOLs; Business Interest Deductions; Section 1031 Like-Kind Exchanges; Entertainment and Meal Expenses; New Centralized Partnership Audit Rules (CPAR); and more!
  • Overview of Choice of Business Entity after TCJA
  • Other significant 2019 Judicial and Administrative Corporate and Business Tax Developments.
  • Review of Significant Tax Provisions and Changes First Effective in 2019

Designed For

Individuals who prepare income tax returns for businesses or who are involved in income tax planning for businesses.

Prerequisite

At least one "Tax Season."

Advanced Preparation

Detailed knowledge of Income Tax Returns for Businesses or who are involved in Income Tax Planning for Businesses.
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