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.
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.
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.
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.