Using a combination of humor and examples, we will focus on tax developments that affect 2022 income tax return preparation and 2022 income tax planning for businesses.
This Course Is Designed To: 1) Provide Explanations And Planning Ideas
Relating To The Latest 2022 Corporate And Business Tax Developments,
Including The Most Recent Guidance On New Tax Law Provisions; 2) Help
Practitioners Prepare For “Tax Season;” And 3) Review Tried-And-True
Traditional Tax Planning Opportunities. The Course Includes A Comprehensive
Reference Manual With Each Chapter Containing Basic Rules, Selected Items
Of Interest, 2022 Developments, Planning Ideas, And Listings Of Related IRS
Forms And Publications.
Review of Corporate and Other Business Income Taxation Including:
● Segments Covering: Election To Pay State Income Taxes At The Entity Level
By S Corps and Partnerships; Constructive Dividend Issues; the 20% QBI
Deduction; Purchase And Sale of Businesses; §1031 Exchanges; Travel,
Meal, and Entertainment Deductions; Fringe Benefits; §179 and 168(k)
Depreciation Deductions; Interest Expense Limitation; Partnership And S
Corp Developments Including Developments Relating To Filing Forms K-2
and K-3; Accounting methods; and Payroll Tax Issues.
● Significant 2022 Developments Including: Any New 2022 Legislation; New
Regulations Including Final Regulations Effective For Tax Years Beginning
On And After January 5, 2021, Explaining The Proper Treatment Of
Inventories And Use Of The Cash Method For Taxpayers With Average
Gross Receipts Of $26 Million Or Less; New 2022 Rev Proc Providing Rules
For Automatic Accounting Method Changes; IRS Ruling Explaining When
Rental Income is Subject To S/E tax; and Many Others.
Review of Significant Tax Provisions and Changes First Effective in 2022.
Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.
At Least One “Tax Season.”