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Overview

8.0 Credits
ONLINE

Join us for JJ the CPA’s 2026 Business Income Tax Update—a practical, execution-focused program designed to move beyond understanding tax law and into how it is applied in real-world client situations. The course emphasizes execution, not just understanding, of business tax rules.

This program covers the most significant developments affecting partnerships, S corporations, and business income taxation, including recent legislation, IRS guidance, and key issues impacting current-year and extended return preparation. Coverage includes provisions under the One Big Beautiful Bill Act (OBBBA), along with evolving reporting requirements for tips and overtime, including employer reporting considerations for Forms W-2 and 1099.

The course emphasizes areas where compliance frequently breaks down, including self-employment tax determinations with partnerships, at-risk limitations, passive versus nonpassive activity classifications, and material participation. Through real-world examples and extensive Tax Court case analysis, participants will examine how positions are evaluated under IRS scrutiny and what is required to sustain those positions on audit.

Objectives

  • Identify and understand recent developments in business income taxation, including legislation, IRS guidance, and reporting requirements affecting partnerships and S corporations.
  • Apply tax rules related to self-employment tax, at-risk limitations, and passive activity classifications within the workflow of return preparation.
  • Recognize compliance risks through analysis of Tax Court cases involving material participation, loss limitations, and depreciation issues.
  • Evaluate planning strategies and defensibility considerations based on current law, including the role of artificial intelligence in tax practice.

 

Major Topics

The materials include a comprehensive review of business income taxation, with an emphasis on real-world application, audit risk, and defensibility

  • Self-employment tax considerations for partnerships and S corporations, including common misapplications and IRS challenges
  • At-risk basis limitations and documentation requirements, with a focus on sustaining positions under audit based on Tax Court outcomes
  • Passive versus nonpassive activity determinations, including how to properly classify activities and apply grouping rules
  • Material participation standards and supporting documentation, including analysis of Tax Court cases where participation was challenged
  • Loss limitation rules, including excess business losses, passive activity losses, and the interaction between multiple limitation provisions
  • Depreciation considerations, including consistency in application, audit exposure, and common errors in practice
  • Qualified improvement property (QIP), including proper treatment, misuse, and IRS positions on eligibility
  • OBBBA provisions affecting business taxpayers, including complexities related to tips and overtime and the application of FLSA Section 7
  • Employer reporting requirements for tips and overtime, including W-2 and 1099 considerations
  • Artificial intelligence in tax practice, including workflow integration, research applications, and considerations for accuracy, documentation, and professional responsibility

 

Prerequisite

Experience with partnership and S corporation taxation

Advanced Preparation

None

Sessions

Please select the appropriate session or option below to continue with your online purchase

Thursday, December 10, 2026

General Sessions
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Course Materials
The course materials include the full PowerPoint presentation used during the seminar, with integrated references and links throughout to relevant IRS forms, instructions, and publications to support real-time application.

In addition, participants will receive access to a structured online resource guide, available during and after the seminar through April 30, 2027, designed to support implementation throughout the filing season and extended return period.

The online resource guide includes:

  • Organized coverage of updated tax rules and significant developments impacting the 2026 and 2027 tax years, available for reference during and after the course
  • Strategic planning considerations based on current law, designed for use in client application following the seminar
  • A series of short video summaries highlighting major tax changes, available as post-course reminders during tax season
  • Example tax return engagement letters for Forms 1040, 1120S, and 1065, available for immediate use in practice
  • Direct access to relevant IRS forms, instructions, and publications for the 2026 tax year, organized for use during return preparation
  • A calendar of key tax deadlines and filing due dates to support ongoing compliance throughout the filing season

Printed materials will not be available, but the files will be unlocked so that you can print them on your own if you choose.