Instructor
Bill Harden
Instructor
J. William Harden, CPA, ChFC, Ph.D., is an associate professor in the Bryan School of Business and Economics at the University of North Carolina (UNC) – Greensboro, where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, Internal Revenue Service (IRS) practices and international tax. Prior to teaching, Bill was a senior tax accountant with an international CPA firm as well as a tax accountant for an international oilfield exploration company.
In this course, we review: Using a Combination of Humor and Examples, We Will Focus on Tax Developments that Affect 2023 Income Tax Return Preparation and 2023 Income Tax Planning for Businesses.
Is there such a thing as a “light” tax year? If there is, 2023 certainly wasn’t it! Most of the tax provisions in SECURE Act 2.0 (enacted December 29, 2022) came into effect in 2023. The SECURE Act modifies the RMD rules for retirement plans and makes an unprecedented number of changes to other retirement plan provisions. In addition, all the modified energy credits included in the Inflation Reduction Act (IRA) are first effective for 2023. This includes credits for electric vehicles, increased credits for energy-efficient home improvements, increased business energy credits, and the provision allowing the sale of energy credits between taxpayers. In addition, there have been important IRS regulations, other IRS releases, and important court decisions during 2023. Don=s 2023 Tax Update will focus on 2023 developments affecting 2023 returns and 2023 tax planning, including planning with SECURE 2.0, the Inflation Reduction Act, IRS releases, and court cases. We will also revisit some areas of the law that are often troubling for practitioners. Just some of the topics to be covered include B.
Corporate Income Tax Workshop
· Business Tax Benefits in the IRA Effective for 2023
· Review of Pass-Through Entity Tax Provisions.
· An Update of Schedule K-2 & K-3
· FinCEN Reporting of Beneficial Owners.
· An Update on Employee Retention Credit Issues
· Rules For Amortizing §174 R&E expenses.
· A Review of Depreciation Recapture rules
· Change to the Foreign Tax Credit
· Thresholds for Electronic Filing Requirements For 2023 Information Returns and Income Tax Returns.
· Late Breaking Developments
This event has been pre-approved for IRS CE.
Please note – materials for this event will be provided electronically ONLY.
This Course Is Designed To: 1) 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; 2) Help Practitioners Prepare For “Tax Season;” And 3) 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 for Review of Corporate and Other Business Income Taxation:
At least one year of tax experience is suggested.
Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.