Two-Day Federal Tax Update: Individuals, Corporations & Partnerships

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REGISTRATION STATUS: OPEN

Date:Monday, October 28, 2019 - Tuesday, October 29, 2019
Time:8:00am - 4:00pm
City:Little Rock
Facility:Embassy Suites, Little Rock
CPE Credit:16.0 Tax
Instructor: Ron Roberson
Subject:Taxation
Fee:$550 ASCPA Members, $750 Non-Members
Early Bird Fee:$520 ASCPA Members, $720 Non-Members through 10/14/2019

Description:

  • PRINTED MANUAL IS INCLUDED WITH REGISTRATION
  • Day one will cover all of the changes that affect business entities in the current year, as well as detailed analyses of how the new tax laws will affect your business tax clients. Kept up to date through the day before the class, this class will include the latest modifications to TCJA as well as other relevant IRS Notices, announcements, ruling and court cases for corporations, S corporations and entities taxed as partnerships and discussion of common compliance issues encountered during 2019’s tax preparation season.

    Day two will be an annual update that covers all of the changes that affect individuals in the current year, as well as a detailed analysis of how the new tax laws will affect your individual tax clients. Kept up to date through the day before the class, in 2019 this class will include the latest modifications from TCJA and Extender bills as well as other relevant IRS Notices, announcements, ruling and court cases for individuals. In-depth example coverage of 2019 actual return preparation issues will provide professionals with the answers to their latest 1040 client questions.



    Objectives:
    This course includes information on changes affecting individual taxpayers, including estate and gift tax changes. Specifically, this course includes:
    • Expiring Federal Tax Provisions
    • Disaster Losses
    • IRAs
    • Retirement Distributions & Penalties
    • Passive Activities, Grouping & Aggregation
    • Security-Systems & Offices
    • Form 1040

    Upon completion of this course, you will be able to

    • Explain the latest changes in tax law to your business clients
    • Inform clients of the various characteristics and tax implications of the C corporation form of business entity
    • Determine if a corporation qualifies to file the election for S status
    • Explain S corporation equity accounts to clients
    • Explain the differences in entity types to clients
    • Provide clients with the characteristics, advantages, and disadvantages of LLCs
    • Advise client on converting to an LLC from other business entity types
    • Advise clients about methods of accounting and partnership/LLC tax returns


    Who Should Attend:
    CPAs in public practice and industry who need the latest information on recent administrative and legislative federal tax updates.

    Prerequisite:
    1 year tax preparation experience



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