Overview:
This course is a comprehensive overview of critical Federal tax law updates resulting from changes to current laws, regulations and court cases impacting all business entity types, including S corporations, Partnerships, C corporations and Sole Proprietorships. We will also review recent modifications to tax forms, small business tax law and administrative updates, retirement plan changes and tax practice and procedures. We will also explore the impacts of the Consolidated Appropriations Act of 2021 (CAA), the American Rescue Plan of 2021 (ARPA) and other legislative changes.
Objectives:
• Understand the major federal income tax laws impacting C & S corporations, partnerships, LLCs, LLPs, and their owners • Understand the new tax legislation passed by Congress • Understand the new administrative guidance issued by the IRS and Treasury Department • Understand the recent court decisions that impact business taxation
Major Topics:
• Review of recent federal legislation and administrative rulings • Review of recent modifications to tax forms • Review of small business tax law and administrative update changes • Review of retirement plan changes • Overall review of tax practice and procedures
Major Topics:
• Review of recent federal legislation and administrative rulings • Review of recent modifications to tax forms • Review of small business tax law and administrative update changes • Review of retirement plan changes • Overall review of tax practice and procedures
Designed For:
Tax and accounting professionals, CPAs, and other financial professionals are looking to expand and update their understanding and knowledge.
Prerequisites:
General knowledge in C-corporation, partnership and individual income taxation.