Don Farmer's 2023 Corporate/Business Income Tax Workshop

Wednesday, December 06, 2023
8:00 AM - 4:00 PM (opens at 7:30 AM) EST
8Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$350.00 Regular Price
Non-Members
$475.00 Regular Price
Course Type: CPE Seminars
Course Code: 23/3-203W
Level: Update
Vendor: Virginia Society of CPAs
Field of Study: Taxes

Overview:

Using a combination of humor and examples, focus on tax developments that affect 2023 income tax return preparation and 2022 income tax planning for businesses.



Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Update

Objectives:

This Course Is Designed To: 1) Provide Explanations And Planning Ideas Relating To The Latest 2023 Corporate And Business Tax Developments, Including The Most Recent Guidance On New Tax Law Provisions; 2) Help Practitioners Prepare For “Tax Season;” And 3) Review Tried-And-True Traditional Tax Planning Opportunities. The Course Includes A Comprehensive Reference Manual With Each Chapter Containing Basic Rules, Selected Items Of Interest, 2023 Developments, Planning Ideas, And Listings Of Related IRS Forms And Publications.

Presenters:

  • David Peters

    David R. Peters, CPA, CFP, CPCU, MST, MBADavid Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for...

    Read more about David Peters here

Presenters:

David Peters

David R. Peters, CPA, CFP, CPCU, MST, MBADavid Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for...Read more about David Peters here

Major Topics:

Review of Corporate and Other Business Income Taxation Including:

? Segments Covering: S Corporations; Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase And Sale of Businesses; §1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; §179 and 168(k) Depreciation Deductions; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories And Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; Election To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Partnership And S Corp Developments Including Developments Relating To Filing Forms K-2 and K-3; and Other Business Topics.

? Significant 2023 Developments Including: Any New 2023 Legislation; SECURE Act 2.0 Provisions Effective For 2023; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Provisions Affecting Businesses and Effective For 2023; and Many Others.

· Review of Significant Tax Provisions and Changes First Effective in 2023.

Major Topics:

Review of Corporate and Other Business Income Taxation Including:

? Segments Covering: S Corporations; Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase And Sale of Businesses; §1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; §179 and 168(k) Depreciation Deductions; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories And Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; Election To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Partnership And S Corp Developments Including Developments Relating To Filing Forms K-2 and K-3; and Other Business Topics.

? Significant 2023 Developments Including: Any New 2023 Legislation; SECURE Act 2.0 Provisions Effective For 2023; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Provisions Affecting Businesses and Effective For 2023; and Many Others.

· Review of Significant Tax Provisions and Changes First Effective in 2023.

Designed For:

Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses

Prerequisites:

At least one tax season

Accommodations:

Delivery Method - Group Internet Based