Guide to Federal Corporate and Individual Taxation ON DEMAND
Available Until
Your Desk
33.0 Credits
Member Price $660.00
Non-Member Price $759.00
Overview
Designed to make the practitioner comfortable with “high traffic” issues, this program enables participants to discuss and handle business/personal tax essentials. The course examines and explains the practical aspects of individual & corporate planning, bridging the gap between theory and application. Significant new developments are summarized with an emphasis on tax savings ideas. This course examines and explains the practical aspects of using a closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often missed fringe benefits, retirement planning opportunities, corporate business deductions, income splitting possibilities, and little-known estate planning techniques.
Highlights
Individual tax elements. Property transfers and retirement plans. Losses, AMY and compliance. Business forms and characteristics. Corporate formation and capitalization. Corporate principals and employees. Basic fringe benefits. Business entertainment. Insurance. Nonqualified deferred compensation. S corporations. Business dispositions and reorganizations.
Prerequisites
None.
Designed For
CPAs.
Objectives
Identify current rates, selected deductions, statutory amounts, and their withholding and/or estimated tax responsibility and specify the various filing statuses and their filing requirements recognizing the advantages and disadvantages of each. Determine what constitutes gross income under Section 61 stating the tax treatment of fringe benefits, rental income, prizes, and awards, and specify how debt discharge and foreclosure can result in taxable income. Identify the mechanics of income exclusions such as education-related exclusions, insurance, personal injury awards, and foreign earned income. Recognize income tax deductions and their use to reduce tax liability by identifying interest related to businesses. investments, qualified residences, and deductions for medical expenses, charitable contributions, casualty losses, and moving expenses. Determine distinctions among several types of tax credits for children and education identifying amounts and eligibility requirements.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $759.00
Member Price $660.00