Guide to Federal Corporate and Individual Taxation ON DEMAND

Overview

Designed to make the practitioner comfortable with high traffic issues, this program enables participants to discuss and handle business or personal tax essentials. The course examines and explains the practical aspects of individual and 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. Non-qualified 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. Determine what constitutes gross income under Section 61 stating the tax treatment of fringe benefits, rental income, barter, prizes, and awards, and specify how debt discharge and foreclosure can result in taxable income, and more.

Preparation

None.

Notice

None.