2025 Business Tax Update: Staying Ahead in Business Taxation

Tuesday, November 19, 2024
Webcast or Webinar, Online
9:00 AM - 5:00 PM (opens at 8:30 AM) EST
8Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$225.00 Regular Price
Non-Members
$275.00 Regular Price
Course Type: Webcast
Course Code: 24/AC973133
Level: Update
Vendor: ACPEN
Field of Study: Taxes

Overview:

Get ready to elevate your tax game with the 2025 Business Tax Update, designed exclusively for tax practitioners looking to sharpen their skills in business income taxation. This course doesn't just scratch the surface – it thoroughly explores the complexities of the tax code, ensuring you're equipped to navigate the ever-evolving tax landscape with confidence. From recent legislative updates to complex tax considerations like COVID-19-related subsidies, this course covers it all. Gain practical strategies and insights that you can immediately apply to assist your clients in optimizing their business income tax planning. Don't miss this opportunity to stay ahead in business taxation and enhance your expertise in a rapidly changing regulatory environment.

With a focus on real-world application and comprehensive exploration of essential topics, the 2025 Business Tax Update promises to be a game-changer for your tax practice. Whether you're dealing with partnership, corporation, or LLC taxation issues, this course provides precise guidance tailored to diverse business clients. Plus, you'll gain invaluable insights into recent legislative changes, including their implications on tax code sections like Section 199A. Stay at the forefront of business taxation and ensure you're delivering top-notch advice to your clients by enrolling in this essential course today.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected].

Objectives:

  • Identify recent changes and updates in business income taxation for accurate tax filings
  • Recognize and complete IRS Form 1040 and other business tax returns precisely
  • Apply updated business income taxation to individual tax scenarios
  • Discuss essential IRC Sections relevant to business taxation for a deep understanding
  • Address recent updates to ensure compliance with evolving tax laws and regulations
  • Identify business implications of legislative updates like Section 199A
  • Discuss tax considerations for different business schedules (C, F, and E)
  • Explore partnership, corporation, and LLC taxation complexities for precise guidance
  • Examine COVID-19-related subsidies' tax implications, offering practical strategies
  • Recognize Code Section 461(l) interaction with Section 382 and carryover rules
  • Analyze the impact of CARES, HEROES, and HEALS acts on business taxation
  • Understand special rules for the business use of a home and reporting requirements for property conversion

Major Topics:

  • Thorough exploration of essential IRC Sections pertinent to business income taxation
  • Comprehensive assessment of recent changes and updates in business taxation
  • Examination of business changes arising from significant legislative updates
  • Analysis of pertinent tax code sections, including Section 199A
  • Addressing tax considerations for various business schedules (C, F, and E)
  • Navigating partnership, corporation, and LLC taxation issues
  • Unpacking the complexities of COVID-19-related subsidies and their tax implications
  • Interaction of Code Section 461(l) with Section 382 and carryover rules
  • Understanding defaulted loans, bankruptcy implications, and their tax treatment
  • Grasping the impact of the CARES, HEROES, and HEALS acts on business income taxation
  • Special rules governing the business use of a home
  • Reporting requirements for converting personal use property to business use

Major Topics:

  • Thorough exploration of essential IRC Sections pertinent to business income taxation
  • Comprehensive assessment of recent changes and updates in business taxation
  • Examination of business changes arising from significant legislative updates
  • Analysis of pertinent tax code sections, including Section 199A
  • Addressing tax considerations for various business schedules (C, F, and E)
  • Navigating partnership, corporation, and LLC taxation issues
  • Unpacking the complexities of COVID-19-related subsidies and their tax implications
  • Interaction of Code Section 461(l) with Section 382 and carryover rules
  • Understanding defaulted loans, bankruptcy implications, and their tax treatment
  • Grasping the impact of the CARES, HEROES, and HEALS acts on business income taxation
  • Special rules governing the business use of a home
  • Reporting requirements for converting personal use property to business use

Designed For:

CPAs, EAs, and other tax professionals

Prerequisites:

Foundational understanding of business taxation principles and IRS Form 1040