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Overview

8.0 Credits

Review explanations and planning ideas relating to the latest 2023 corporate and business tax developments, including the most recent guidance on new tax law provisions; prepare for tax season and focus on tried-and-true traditional tax planning opportunities. Cover basic rules, selected items of interest and a listing of related IRS forms and publications.

This course has been approved by the IRS for CE credit for Enrolled Agents and PTIN holders.  This course has also been approved for CFP® credit for Certified Financial Planners.

Objectives

The seminar includes a comprehensive reference manual with each chapter containing basic rules, selected items of interest, 2023 developments, planning ideas, and listings of related IRS forms and publications. Where applicable, each chapter of the manual includes a segment devoted to the impact of recent legislation.

  • Provide explanations and planning ideas relating to the latest 2023 corporate and business tax developments, including the most recent guidance on new tax law provisions
  • Help practitioners prepare for “Tax Season;”
  • Review tried-and-true traditional tax planning opportunities. The course includes a comprehensive reference manual with each chapter containing basic rules, selected items of interest, 2023 developments, planning ideas, and listings of related IRS forms and publications.

 

Major Topics

Review of corporate and other business income taxation including:

  • Segments Covering: S Corporations; Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase And Sale of Businesses; §1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; §179 and 168(k) Depreciation Deductions; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories And Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; Election To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Partnership And S Corp Developments Including Developments Relating To Filing Forms K-2 and K-3; and Other Business Topics. 
  • Significant 2023 Developments Including: Any New 2023 Legislation; SECURE Act 2.0 Provisions Effective For 2023; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Provisions Affecting Businesses and Effective For 2023; and Many Others.
      
  • Review of Significant Tax Provisions and Changes First Effective in 2023.

Designed For

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

Prerequisite

At least one “Tax Season.”

Advanced Preparation

 
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