Look at the most recent tax laws and other developments affecting C Corporations, S Corporations, and other business entities, including limited liability companies. Learn how to advise clients and employees on the latest tax-planning ideas. Share marketing ideas from top practitioners – based on the latest tax strategies. In addition, practical, real-life exercises will help you apply what you’ve learned from this comprehensive course.
DESIGNED FOR
Tax professionals in public accounting: seniors, supervisors, and managers; Tax professionals within corporate finance or tax departments.
BENEFITS
- Identify the benefits of forming a corporation
- Apply the rules for transfer of assets and liabilities to a new corporation
- Recall the accounting methods available to a corporation
- Recognize reasonable compensation issues with respect to a C Corporation and S Corporation shareholder-employees
- Analyze the best retirement plan recommend for a corporation
- Recognize economic performance, including issues and deduction, limitations related to bad debts, rent, tax, and interest expense
- Determine the availability of tax credits and other entitlements related to retirement plans for a corporation
- Accurately apply financial turmoil and bankruptcy rules
HIGHLIGHTS
- S Corporation qualifications and election
- C Corporation IRC Section 1244 Stock
- Cash and accrual accounting methods
- Revenue recognition methods
- Expensing versus capitalization rules
- Depreciation
- Inventories
- Dividends, interest, and other income
- Employee benefit and retirement plans
- Net operating losses
- Passive activities and at-risk limitations
- PPACA: Net Investment Income Tax: Medicare Tax
- Tax return disclosures
- Sale of properties
- Other taxes: AMT, accumulated earnings tax, personal holding
- Tax payments and penalties
COURSE LEVEL
Intermediate
PREREQUISITES
Three years of tax experience.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.