20SR-0016: Tax Advisers Update: Business and Entity Taxation Developments (Virtual)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, December 8, 2020
8:30am - 12:00pm Central Time
4 CPE (4 technical)  |  4 CFP  |  3.3 CLE  |  4 IRS CE

Bundle and save!

Want to attend both parts of the Tax Advisers Update? Register for the bundle event to save.

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 business clients, including all the coronavirus-related bills and tax reform updates. Explore ways to enhance taxpayer cash flow and come away with tax planning strategies for your business clients.

Major subjects

• 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)

Learning objective(s)

• Evaluate which interest expense is subject to limitation
• Recognize how to correct depreciation for qualified improvement property (QIP)
• Identify options for small businesses to account for inventories
• Explain the benefits and risks of carrying back NOLs
• Determine allocations of partnership liabilities
• Identify when a contribution to or distribution from a partnership constitutes a disguised sale
• Diagnose exposure for constructive dividends from a closely held corporation

Who should take this program?

CPAs and tax advisers who have business clients; corporate tax managers and directors

Fees