Description
Using a combination of humor and examples, we will focus on tax developments that affect 2021 income tax return preparation and 2021 income tax planning for businesses. As time permits, we will also review the major areas of income taxation of businesses to fine tune practitioners for “Tax Season.”
Objective
This course is designed to * Provide explanations and planning ideas relating to the latest 2020 tax developments, including the most recent tax legislation impacting corporations and businesses * Help practitioners prepare for “tax season” * Review areas that warrant tried-and-true traditional tax-planning opportunities * The course includes a 600-plus page reference manual with each chapter containing basic rules, selected items of interest, 2020 developments, planning ideas, and listings of related IRS forms and publications
Highlights
Review of Corporate and Other Business Income Taxation including * Key Developments to the Tax Cuts and Jobs Act and the Consolidated Appropriations Act (enacted December 20, 2019) involving various topics such as—New Tax Incentives Encouraging Small Businesses to adopt Retirement Plans; Latest Listings of Expiring Tax Breaks; Treatment of Employees’ Transportation Fringe Benefits; 20% Section 199A Deduction; Sections 179 and 168(k); Business Interest Deductions; Qualified Opportunity Funds Final Regulations; Simplified Accounting Method Safe Harbors for Qualified Small Businesses; and more * Other Significant 2020 Judicial and Administrative Corporate and Business Tax Developments including—Latest Information on Partnership Audits Under CPAR; New Regulations Allowing Health Reimbursement Accounts to Reimburse Employees’ Health Insurance Premiums * Review of Significant Tax Provisions and Changes First Effective in 2020
Who Should Attend
Individuals who prepare income tax returns for businesses or who are involved in income tax planning for businesses
Required Knowledge
Detailed Knowledge of Corporate/Business Income Taxation and Corporate/Business Income Tax Return Preparation.
Advanced Prep
At Least One “Tax Season.”
Event Speaker(s)
Additional Event Information
CLE
CLE program hours are subject to the review from the NC State Bar - Continuing Legal Education. CLE hours may differ from CPE hours and are based on the NC State Bar approval.
Also Available As
Webcast
2022-12-15 08:30:002022-12-15 16:30:00 ET)Register >>
Webcast
2023-01-06 08:30:002023-01-06 16:30:00 ET)Register >>
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Registration Fees
Early Bird Rate expires December 24, 2022
| Registration | Early Bird | Regular |
|---|---|---|
| NCACPA Member | $285.00 | $335.00 |
| Non-Member | $385.00 | $435.00 |
| Other CPA State Society Member | N/A | $335.00 |
| Other State Society Member | $285.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.
