Pass-Through and Corporate Annual Tax Update

An overview of the latest tax developments affecting corporations and pass-through entities

The world of business taxation is ever-changing. This engaging course delves into the most salient tax matters affecting businesses. All-new course materials focus the discussion on tax updates from the past year, including regulatory updates related to H.R. 1, commonly referred to as OBBBA.

• Latest tax legislation, court rulings, and IRS pronouncements related to corporations and pass-through entities
• Practical tips for return preparation
• Latest developments for businesses
• Unique insights into new planning strategies
• Latest developments on accounting methods and foreign tax issues

The course also focuses heavily on interpreting important proposed and final regulations affecting businesses.

Course materials provide in-depth analyses that practitioners can apply when serving their clients.

Topics include:

• Inflation adjustments
• Bonus depreciation limits
• Research and experimentation expenditures
• Pass-through losses
• Inadvertent S election terminations

Key Topics

• Strategies for tax savings
• Business entity changes
• IRS administrative issues, compliance, and new forms
• Court cases settled in the last year that provide tax return guidance
• IRS rulings, procedures, and notices for the last year
• New, updated, and expiring tax deductions and credits

Learning Outcomes

• Recognize the limitations of various tax credits, fringe benefits, and other items of income.
• Identify new and expiring business tax credits.
• Recognize the impact of recent court decisions on tax matters.
• Recognize new final and proposed regulations that pertain to pass-through and corporate entities.

Who Will Benefit

• Public accounting senior associates, managers, and partners
• Tax professionals in company finance or tax departments