8.00 CPE Credit Hours
The Tax Advisors Update team has pored over the tax cases and rulings of the past year so you don't have to. Explore critical federal tax developments affecting both individuals and businesses, and learn about practical new planning opportunities and better defensive tactics. It's a strategy-packed tax course created by tax professionals, for tax professionals. Plus, come away with a robust reference manual full of examples, practice aids and tax tables that will save you time during tax season and beyond.
Designed For
CPAs and tax professionals in public practice and industry
Objective
- Identify the key developments of the past year
- Recognize new tax planning opportunities for individuals and businesses arising from recent tax legislation
- Find opportunities to implement defensive strategies against IRS positions
Highlights
- Sec. 199A deduction for qualified business income -- limitations, allowances and the effect of business losses
- Limitations on deducting excess business losses
- When business interest limitations apply and the available options to elect out
- Comparison of the C Corporation alternative
- Key federal tax developments and review of IRS pronouncements, treasury regulations and court cases
- Practical planning tips and illustrations based on a practitioner's real-world examples
- Important estate and gift, tax-exempt, payroll tax and other federal developments
- Learning objective(s)
- Differentiate meals from entertainment to apply deduction limitations
- Trace debt for determining interest expense deductibility
- Determine activities that may be included in qualified business income
- Advise on entity structure to take advantage of the Tax Cuts and Jobs Act
- Evaluate uncertain provisions of tax reform
Prerequisites
Experience in federal tax planning and preparation recommended.
Advanced Preparation
None
Developer
CliftonLarsonAllen LLP
Presenters
Daniel Greenhagen, CliftonLarsonAllen
Mary Marino, CliftonLarsonAllen
Level of Knowledge
Update