• Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations
• Apply ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling Interests in Consolidated Financial Statements
• Determine the applicable tax rate for complex situations
• Determine the consequences of selling a partnership or LLC interest
• Make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership
• Learn how to calculate the basis of partnership or LLC following distributions of multiple properties
• Understand how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations
• Learn how income is sourced to a foreign jurisdiction
• Determine when to challenge IRS requests
• Understand IRS audit techniques, inquiries, and appeal rights
• Manage the information document request process and evaluate the contents of a revenue agent report (RAR)
• Learn specific ways to reduce your individual and small business clients tax bills

• New individual income tax rates
• New corporate tax rates
• New pass-through income rules
• The qualified business income (QBI) deduction
• New rules for certain credits and deductions
• Advanced aspects of ASC 740 including accounting for business combinations and other purchase transactions and stock compensation under ASC 718
• Sale of an interest in a partnership or LLC
• Adjustments to basis of partnership/LLC assets
• Advanced distribution rules
• Allocation of income under Section 704(b)
• Foreign branch and affiliates
• U.S. withholding taxes on foreign business
• Types of IRS audits
• RAR: Revenue Adjustment Report
• Accounting for audit adjustments
• Individual tax planning
• Small Business tax planning

None.