2 Day Federal Tax Update: Individual and Business (VIRTUAL SEMINAR)

More Courses

2DYFTWEB  |  Virtual Live  |  Update  |  Scheduled

Description

Please note: This seminar will only be available via live webcast. 

Fields of Interest

  • Taxation-Estate and Gift
  • Taxation-Corporate
  • Taxation-Individual

Curriculum

  • Taxation

Prerequisites

At least one tax season

Designed For

CPAs and other business professionals

Objectives

To review recent changes to individual and business tax regulations

Highlights

Thank you to our Gold Sponsor:

Iowa Property Exchange

Federal:

  • Payroll-related changes:
    • The Paid Sick Leave Program and credit
    • The new FMLA rules and credit
    • The new Employee Retention Credit
    • Disaster Relief Payments
    • New Form 1099-NEC replacing the 1099-MISC
    • Court cases on employee v. Independent Contractor
  • General business changes:
    • Excess business loss changes
    • New business interest rules with examples
    • New court cases on business and hobby losses
    • New Regulations (again!) on meals and entertainment deductions
  • Review of other changes in credits, fringe benefits, health care and pensions
  • Partnerships changes:
    • Tax basis capital reporting
    • New and revised 1065 schedules and forms
    • Late filing penalty relief
    • CPAR interpretations
  • Accounting methods - in-depth:
    • New rules on inventory
    • Completed Forms 3115 for 4 different situational accounting method changes
  • QBI deduction guidance
  • Corporations:
    • C Corporate changes from the CARES Act
    • Potential 2021 changes after the election
    • S Terminations and new K-1's
    • Net operating losses under CARES
  • Depreciation-the new QIP rules and fixes
  • Tax exempt reporting clarification
  • Special coverage of post-election changes if they occur

Federal:

  • New and revised Forms for 2020: 1040, Sch. 1, Form 8615-E, Form
  • In-depth coverage of the biggest retirement plan change year since 1986 with new limits, penalty relief, RMD changes, new income averaging, new 1-year rollover term and planning ideas
  • The new charity rules-pre-AGI and 100% AGI limits
  • The stimulus credit-the most overlooked credit for 2020, plus the reconciliation requirement
  • court cases on "real estate professionals" and passive losses
  • Estate and gifts-the biggest tax planning year in a decade
  • A revisit to Foreign reporting requirements in respect to a 1/2 dozen new court cases
  • A dozen new IRS rules, guidance, and breaks
  • Basis-the old "don't worry about it" days are over-clear guidance, with forms
  • Clear guidance in problem areas on mortgage interest, vacation rentals and virtual currency
  • Be prepared for 2020 debt forgiveness with our new discussion, with forms of COD income
Your Price: $525.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

Members log in and save $100.00 on this event. Not a member? join today.

Instructors

Ron Roberson

Show Bio

For more than 17 years, Ron Roberson has been a popular tax speaker covering individual and business tax topics. Each year, Ron speaks to thousands of CPAs and other tax professionals about the latest tax-related law changes, planning opportunities, and other business matters. Ron’s energetic, easy-to-understand, and humorous presentation style has made him a favorite nationwide. After beginning his career with international accounting firm Deloitte Haskins & Sells, Ron founded his own firm in Twain Harte, CA, near Yosemite National Park. Ron actively participates in his firm today, applying his practical experiences in the classroom to bring his tax lectures to life. Ron is also a prolific author who has written, edited, and collaborated to write tax training manuals and has written about business entity selection, taxation of corporations, Social Security, and many areas of individual income taxation. Ron has also routinely been a guest on tax-related Internet radio broadcasts.

Register for this course