2023 Business Federal Tax Update (Half-Day Webinar) (Completed)

Date: Tuesday, November 21, 2023
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC

If last year was action packed, this year promises to be even more so. Join expert Greg White, as he provides an update on the most recent changes affecting businesses that you’ll need to navigate through the maze of tax legislation.

Topics Covered

  • Important new cases (including a partner "sweat equity" interest) — did receipt of a profits interest trigger income to the recipient?
  • Change in deducting research expenses (including software development costs)
  • What happens when an S corporation distributes property to a friend of its shareholders?
  • Self-employment taxes for partners
  • Much more

Learning Objectives

  • Identify requirements to admit a new profits partner without creating tax ("sweat equity" partners)
  • Calculate the commercial electric vehicles credit
  • Learn the important business provisions of SECURE Act 2.0
    • New Roth features for SEP-IRAs and SIMPLE IRAs
    • "Rothification" of 401(k) catch up contributions
  • Learn the status of two important pending cases that discuss self-employment tax for limited partners
    • And the impact this may have on LLC members
      • Identify which types of expense or income have no statute of limitations (the IRS can adjust decades after the year the deduction is taken, and so can we)


      Instructional Method
      Group: Internet-based

      NASBA Field of Study
      Taxes (4 hours)

      Program Prerequisites
      A basic understanding of tax preparation

      Advance Preparation

 Chat — Books Support