This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.
This course features a live instructor and has been specifically designed for the NJCPA.
DESIGNED FOR
All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employers
BENEFITS
- Understand the major issues on which taxpayers and the IRS are in conflict
- Understand recent IRS guidance and legislation impacting pass-through entities
HIGHLIGHTS
- Comprehensive coverage of the Inflation Reduction Act, including:
The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, §45L New Energy Efficient Home Credit, Elective Payment, Transferability, and Prevailing Wage and Apprenticeship Requirements
- Principles and considerations for nonresident withholding, composite payments, and passthrough entity taxes
- Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
- Thinking beyond §163(j) - Interest Allocation Rules, Original Issue Discount, Applicable High Yield Discount Obligations, Convertible Corporate Debt Instruments, and Debt-Financed Distributions
- Retirements and redemptions: considerations for partnerships and S corporations
- Timely coverage of breaking tax legislation
- Selected Practice and Reporting Issues: What’s new?
- A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
- New Form 1099-K reporting requirements
- Bonus depreciation in 2024
- Section 174 Research & Experimental Expenditures - new guidance under Notice 2023-63 and Notice 2024-12
- New FinCEN reporting requirements in 2024
- A review of like-kind exchange transactions under §1031
COURSE LEVEL
Update
PREREQUISITES
Experience with pass-through entity clients
ADVANCE PREPARATION
None
ADDITIONAL NOTES