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This seminar will be held in-person. If you would prefer to attend virtually or if live audience capacity has been reached, you can register for the Business Entity Tax Tune-Up Webcast as this will be live-streamed to an online audience. 

This two-day course is the go-to for a broad spectrum of highlights regarding 2020 business return preparation. Make sure you are on your “A” game this tax season by joining us for this critical tune-up. We’ll do a deep dive on the various forms of business entities and a review of the many changes brought about by tax reform that will impact business clients. We’ll also address this year’s key revenue rulings, procedures, and case law. 

Major Topics 

  • Advanced technical practice and reporting issues for all entities 
  • Navigating the New Normal: COVID-19 legislation 
  • Individuals are NOT the only victims of identity theft 
  • The bell has tolled for: Abusive micro-captive transactions, certain tax return preparers, certain marijuana businesses…\ Non-headlining practice opportunities found in the CARES Act 
  • “Substance over Form” argument of shareholder loans 
  • White House 2021 Budget Points and the “Employee vs. Independent Contractor” conundrum 
  • New Form 1065 steps for reporting capital, and 2020 safe harbor 
  • New Form 1065 reporting for §743(b) adjustments 
  • New Form 1065 reporting for property contributions 
  • Advanced study of “At-Risk” loans 
  • Partnership losses and calculating net earnings from self-employment 
  • Employer W-2 correction requests 
  • Reporting cash transactions 
  • Don't get caught watching the paint dry; what is hot and new 
  • What is terminating S corporations today? 
  • New emphasis on basis reporting 
  • Off-the-beaten-path Business Entity Update 

Learning Objectives 

  • Maintain a broad understanding of the hot issues and changes in business entity tax preparation 
  • Understand a “salmagundi” or “hodge-podge” of practice issues affecting preparers of business tax returns 

Designed for

All tax practitioners who need the latest information on tax changes affecting their business clients

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