Congress and the IRS continue to modify everything we know about the formation and operation of C corporations, LLC’s and S corporations. With in-depth coverage of LLC, S and C corporate tax issues the 2021 in-depth course will also include detailed analyses of the choice of entity that best fits the taxpayer, and corporate formation issues. The LLC chapter will provide guidance on the latest partnership changes and compliance; the C corporation chapter will discuss the operating issues and penalty taxes; and the S corporation chapter will examine the 20% Sec. 199A flow through deduction, plus the impact of new tax laws on built in gains and the interaction of wages vs. the flow through deduction. Combining the 3 focus areas of C corporations, S corporations and LLC taxation with these two special topics will make this one of the most relevant courses a participant will take in 2021.
Every chapter has been updated for the business effects of the 2021 Tax Bills passed by the new President as well as IRS changes, with in-depth discussion and examples of those changes!
Upon completion of this course, you will be able to-Explain the latest changes in tax law to your business clients; Summarize the various methods of accounting that are available; Determine the appropriate treatment for various business expenses; Assist clients with the formation of a C or an S corporation; Define a controlled group and determine the tax issues that are affected with controlled groups; Determine the proper classification of individuals working for you and assist clients in determining if individuals working for them are employees or independent contractors; Inform clients of the various characteristics and tax implications of the C corporation form of business entity; Determine if a corporation qualifies to file the election for S status; and much more.
Number of Hours:
Knowledge of Tax Law Regulations
Number Of Days:
Continental Breakfast, Beverages, Lunch
Early Cut Off Date:
Clarion Resort Fontainebleau Hotel Ocean City 10100 Coastal Hwy
Ocean City , MD 21842
Weekday Rate: $125-$165 (Oct); $79-$119 (Dec)
CPA (16), EA (16), Maryland Preparer (16)
NASBA, IRS, State of Maryland