2024 Business Federal Tax Update WEBCAST

Overview

Get ready to elevate your tax game with the 2025 Business Tax Update. 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. 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

Highlights

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.

Prerequisites

Foundational understanding of business taxation principles and IRS Form 1040.

Designed For

CPAs, EAs, and other tax professionals.

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. Apply updated business income taxation to individual tax scenarios. Discuss essential IRC Sections relevant to business taxation. 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. Examine COVID-19-related subsidies and tax implications. 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.

Preparation

None.

Notice

None.