Winter Federal Tax Summit  (2DYFT)

16.00 CPE Credit Hours

Prepare for tax season with greater confidence by getting up to speed on the latest changes affecting individual and business clients. Learn how new tax laws, IRS guidance, rulings and court decisions apply to real-world returns; identify planning opportunities and potential compliance pitfalls; and work through common issues involving Form 1040, corporations, S corporations and partnerships. With up-to-the minute updates, gain guidance to answer client questions, reduce preparation errors, recognize tax-saving opportunities and handle challenging returns more efficiently.

Note: Individual update will be presented on day one; business update will be presented on day two.

CPAs and other business professionals

• Identify recent tax law changes affecting individual and business clients.
• Apply current IRS guidance, rulings and court decisions to common tax situations.
• Recognize tax-planning opportunities and potential compliance issues.
• Explain key tax issues affecting Form 1040, corporations, S corporations and partnerships.
• Identify strategies to reduce preparation errors and address challenging tax returns.

• Latest modifications from Congress affecting individual taxpayers
• Relevant IRS Notices, announcements, rulings and court cases
• Changes affecting expiring federal tax provisions
• Income and deduction issues
• IRAs, retirement distributions and penalties
• Passive activities and other unusual items
• Common Form 1040 issues
• Latest C corporation, S corporation and LLC tax changes
• Latest tax law changes affecting business clients
• Differences among business entity types
• Characteristics, advantages and disadvantages of LLCs
• Characteristics and tax implications of S corporations
• Latest modifications from Congress
• Relevant IRS Notices, announcements, rulings and court cases affecting corporations, S corporations and entities taxed as partnerships
• Common compliance issues encountered and practical, hands-on tools for the upcoming tax season