Tax tips and tax strategies to help guide your new and existing individual clients.
Learning Objectives
- Learning Outcomes
- Analyze the tax-saving opportunities and requirements with respect to Section 1244 stock.
- Determine whether a change of accounting method is permitted and how to make such a change.
- Apply the rules for stock dividends.
- Determine the deductibility of casualty losses.
- Identify the limitations and substantiation requirements regarding deductions for meals, travel, and entertainment.
- Identify the filing requirements for Schedule UTP, *Uncertain Tax Position Statement*.
- Identify various business tax credits available to corporations.
- Identify issues related to intragroup transactions.
