This course provides a review of new tax laws, court cases, IRS rulings, and other developments as we examine their impact on your business clients. Plus, some strategic planning ideas that you can use with your tax clients.

This session will provide tax practitioners with the information needed to assist business owners in determining which plan option best meets their business needs.

This session will include a review of the various health insurance options available to the owners of various business entities – proprietorships, partnerships, S corporations and C corporations.

This session offers a comprehensive analysis of the business and tax aspects of buying and selling a business. We will offer an in-depth study of Form 4797, Sales of Business Property, in addition to Form 8949, Asset Acquisition Statement Under Section 1060, to report the sale of goodwill.

This session will address the mechanics of how to report gain under the installment method, interest charges applicable to certain large installment sales, contingent payment installment sales and the consequences of pledging or transferring installment notes. 

We will review how buy-sell agreements work and analyze the income tax considerations and strategies associated with buy-sell agreements used by partners, LLC members, S corporation shareholders, and C corporation shareholders.

Ethics

This session will review how preparer penalties under Circular 230 have been applied for tax professionals who did not follow the rules, and how you can avoid those issues in your tax practice.  

Tax Planning for Later Years in Life

Planning for those taxpayers who are approaching retirement involves a great deal of consideration. Distributions from retirement plans, individual retirement accounts, and income from Social Security benefits have tax consequences. Not only does this course define and explain various forms of retirement income, but it also discusses the tax effects.

Federal Forms Update – Continued

A closer look at charitable contributions for those taxpayers who can itemize deductions.

In addition, we will review the rules of Form 8962, Premium Tax Credit, which must be filed if a taxpayer received an advanced premium tax credit through the Marketplace during the year.

Federal Forms Update – Continued

A detailed explanation of taking a tax credit for the repayment of an amount included in income from earlier years. Plus, a review of the underpayment exceptions on Form 2210 using the safe harbor method and the annualization method.

Ethics

This session will explore key Circular 230 concepts and provide practical takeaways that face all tax professionals.