Webcast: Federal Tax Update: C & S Corps, Partnerships & LLCs (Forms 1120, 1120S & 1065) (XCBUSU17)
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Focus on business income tax issues that cover the increasingly complex and ever-changing nature of tax laws. Review the current federal business income tax laws and also get an update useful for tax return preparers. Updates cover changes on new tax forms, changes to existing tax forms as well as tax planning opportunities and pitfalls. Get up to speed quickly and have a successful federal business income tax filing season. Each participant will receive a comprehensive business income tax refer

12/12/2017
When: 12/12/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4171988Y
United States
Presenter: J Patrick Garverick, CPA, MT, CFP


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Acronym XCBUSU17
CPE 8 hours
Vendor CalCPA
Category
Taxation
Level Update
Prerequisite General knowledge in C-corporation, partnership and individual income taxation.
Adv Prep None
Yellow Book? No
Designed for Tax accountants in public or private practice in need of power-packed one-day federal business entity update course.
Registration
Member $245
CPA Non-Member $375

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Focus on business income tax issues that cover the increasingly complex and ever-changing nature of tax laws. Review the current federal business income tax laws and also get an update useful for tax return preparers. Updates cover changes on new tax forms, changes to existing tax forms as well as tax planning opportunities and pitfalls. Get up to speed quickly and have a successful federal business income tax filing season. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real-world examples, new federal income tax forms and schedules as well as the Phoenix Beach Quick Reference Chart.

Objectives

  • Understand the major federal income tax laws impacting C & S corporations, partnerships, LLCs, LLPs and their owners.
  • Recognize any new legislation passed by President Trump and IRS guidance affecting business income tax returns.
  • Identify the Affordable Care Act (ACA) income tax provisions that were repealed and retained.

Major Topics

  • Detailed coverage of any new business income tax legislation signed by President Trump and ACA taxes, penalties and credits repealed and retained.
  • Overview of the new partnership regulations on allocating recourse/non-recourse debt, disguised sales and new centralized partnership audit regime.
  • Look at any changes to the Forms 1120, 1120S and 1065 and other related schedules and forms.
  • Recent changes to depreciation and §179 expense.
  • Issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans.