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Nonmembers CPAs pay an additional $21.25 per credit hour for CE classes; nonmember CPAs will be held responsible for paying this additional amount.
Whether you are a generalist or a tax specialist, you will take away valuable information and insights from this eight-hour program. The course will bring you up to date on current issues in federal income taxation affecting individuals and small business owners with emphasis on coverage and analysis of 2018 and 2017 tax legislation, updates and new developments of 2016 and earlier tax law; important court cases; Treasury income tax regulations; IRS revenue rulings and procedures; and more!
FLASH ALERT – Steve says there’s a lot to cover. He vows to tell you what you need to know! Can he do it all in one day??? Sign Up Now!!!
YOUR INSTRUCTOR WILL ADDRESS THE HOT TOPICS OF 2018
*2018 TAX LAW – BIPARTISAN BUDGET ACT – Legislation to fund the federal government through September 30, 2018. Also, retroactively reinstates for 2017 many temporary tax provisions that had expired after 2016. And, have you heard? Congress mandated the IRS create a new tax form just for seniors!
* 2017 TAX LAW – TAX CUTS and JOBS ACT — Comprehensive coverage and analysis of the most significant revision to the tax laws in more than 30 years. New Code sections added. Old Code sections repealed or suspended. Phase-ins and phase-outs. Will these changes affect your choice of business entity? Many questions looking for answers. Congress is already talking about a technical corrections bill. Come join the conversation. Learn all about it. Sign up and Steve will bring you up to date.
* PROPOSED REGULATIONS – PARTNERSHIP AUDIT RULES — Released one day, withdrawn the very next day and then re-issued. Now what? Congress re-writes how the IRS will audit partnerships and LLCs. This change will affect tax return preparers and will have a profound effect on partnerships, LLCs and their investors. What is a partnership representative? Who should (not) be a partnership representative? These new rules took affect 1/1/18. Sign up and find out.
* THE IRS AND TAX RETURN PREPARERS — There’s good news regarding your PTIN. Can you rely on FAQs? The IRS sent a memo to its Field Examination Directors. What did it say? You need to Sign Up Right Now! Did you know that the IRS is data mining social media? And the IRS is changing how taxpayers and their representatives (you) interface with it. And the IRS still wants to regulate tax preparers — and guess what – so do some members of Congress! Steve’s got the details. Sign up now!
* NEW HOT ISSUE — S corporation basis reporting. With the AICPA’s blessing? What did you say? Tell me it’s not true. What’s next? Sign up and find out.
* NOTEWORTHY COURT CASES — Tax return preparer penalty. The first one since who knows when. What happened? What can we learn? Sign up and find out.
* NOTEWORTHY COURT CASE — Compensation versus dividend. C corporation versus S corporation. The Tax Court does something not seen in a generation. Unbelievable!
* PLANNING — Uncertainty rules!!! Once again we have a temporary Code! Tax planning is more important than ever! Are you ready? Why does Steve say that S corporations now may be more important than ever? No wait. Did he just say that about C corporations too?
* IMPORTANT — updates and new developments covering 2017 and earlier tax law and court cases; Treasury income tax regulations; and IRS revenue rulings and procedures.
* NEW DEVELOPMENTS — affecting partnerships and LLCs, and S corporations.
* MORE DEVELOPING HOT ISSUES AND EVEN MORE! — Will you be there?
- update the tax practitioner on recent developments in federal income taxation
- recognize planning opportunities due to changes in federal income tax law
- prepare the tax practitioner for discussions with clients on important changes in this area of tax law
- help the tax practitioner understand reporting responsibilities
Prerequisites: The method of presentation is group-live instruction and the program level is overview/update. There are no prerequisites for this course nor is there any advanced preparation required.