Federal Tax Update: Individuals and Businesses

Overview

Stay ahead of a rapidly changing tax landscape with a timely update on the developments shaping the year ahead. This fast paced program highlights recent tax law changes, key court cases and IRS guidance affecting both individuals and businesses. Gain practical insights you can apply immediately to client situations, with special attention to common pitfalls and planning opportunities. Walk away better prepared to navigate complexity, reduce risk and deliver up to date advice.

Highlights

• Important new tax cases.
• Legislative updates, including administrative guidance on the One Big Beautiful Bill Act (OBBBA). 
• Common circumstances that result in S Corporation terminations, including how to fix mistakes.
• Developments in the partnership and S Corporation areas.
• New administrative releases such as revenue rulings, revenue procedures and notices.

Prerequisites

A basic understanding of federal tax law and experience with individual and business tax return preparation.

Designed For

Tax professionals who want to stay current on recent tax law changes, legislative updates and IRS guidance impacting both individuals and businesses.

Objectives

• Identify important new tax cases and their practical implications.
• Apply recent IRS releases and guidance to your practice.
• Learn the key provisions of new tax legislation.
• Help clients avoid S Corporation disqualification.

Preparation

None

Notice

• This seminar is co-sponsored and administered by the Minnesota Society of CPAs.
• Login information and eMaterials will be distributed to attendees via email 3-5 days prior to the conference and posted in the My Upcoming CPE section of the ISCPA website.