Everybody's Critical Business Tax Issues in 2017
Course ID: LE8178004
NASBA Category: Taxes (in NY Taxation)
Level: Update
Author: Hoven, Vern
Conference Year: 2017
CPE Credits: 6
Prerequisites: Experience preparing business and/or corporate tax returns
Advanced Preparation: None
Course Description:

Combining the real-life experience of a practicing CPA/EA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly grasp recent tax changes. You'll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life experiences, which make complicated tax topics easily understandable. Specific course topics will be announced and updated through year-end.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

  • Convey details of the Affordable Care Act (ACA).
  • Recognize opportunities to use business credits.
  • Summarize the different types of business retirement plans, assessing contribution limits, elective deferral limitations, and prohibited transactions.
  • Compare and contrast qualified Roth contribution plans, SEPs, SIMPLE IRAs, and 401(k) plans, identifying the rules on loans to participants and hardship distribution rules to ensure compliance with tax regulations.
  • Discuss income subject to self-employment tax and withholding from wages, and assess the impact of various withholding and wages issues.
  • Determine the difference between an independent contractor and an employee and examine subsequent reporting requirements.
  • Prepare federal tax returns for C corporations.
  • Prepare federal tax returns for S corporations.
  • Understand federal changes and new rulings.
  • Provide tax services for clients based on IRS practice and procedure provisions.
  • Describe new developments in IRS policies and procedures.
  • Identify the requirements of filing an offer in compromise (OIC).

Compliance Information:
Blank fields indicate that this course does not qualify for those categories.
NASBA Registry #: 103220

IRS Provider #: OMYXB
IRS Course #: 0MYXB-U-01120-17-I
IRS Federal Tax Law Credits:
IRS Federal Tax Update Credits: 6
IRS Ethics Credits:
California Specific Information:
CTEC Provider #: 2071
CTEC Course #: 2071-CE-1074
CTEC Federal Tax Law Credits: 6
CTEC Federal Tax Update Credits:
CTEC Ethics Credits:
CTEC State Credits:
Qualifies for CA Fraud: No