Tax Advisors Update (Virtual)  (TAU-VIR)

8.00 CPE Credit Hours

Recent tax developments and legislative changes affect this season’s return filings and influence the planning landscape. Learn how to handle the latest tax legislation affecting your individual and business clients, including all the coronavirus-related bills and tax reform. Explore ways to enhance taxpayer cash flow, learn about the latest IRS guidance and come away with smart tax planning strategies.

• Final Section 163(j) regulations for the business interest expense limitation
• New payroll and employee retention credits
• New meals and entertainment regulations
• Examples of the new carryback of net operating losses (NOLs) under the Coronavirus Aid, Relief and Economic Security (CARES) Act
• Illustrations of partner capital accounts on Schedule K-1
• Using a C Corporation for hobby or investment activities
• Latest partnership centralized audit regime guidance
• New regulations on unrelated business taxable income (UBTI)
• IRS and case law developments affecting Schedule A items
• Examples of the latest guidance affecting the calculation of the Section 199A deduction
• IRS challenges to charitable contribution deductions
• Various gross income exclusion opportunities
• New IRS campaigns to identify examination issues
• Changes made to investing in opportunity zones in the final regulations
• Changes with retirement planning brought on by the Setting Every Community Up for Retirement Enhancement (SECURE) Act
• Self-employment tax updates