Annual Federal Tax Update - C & S Corporations, Partnerships & LLCS (Forms 1120, 1120s & 1065)

J. Patrick Garverick, CFP, CPA

THE GARVS LLC

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CTEC

8 Credits

$120

Subject Area

Taxes

Webinar Qualifies For

8 CPE credit of Taxes for all CPAs

8 CE credit of Federal Tax Update for Oregon Tax Preparers

8 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

8 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

8 CE credit of Federal Tax for Maryland Tax Preparers

8 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

8 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

May 17, 2021 | 10:00 AM EDT Register
May 19, 2021 | 08:00 AM PDT Register
May 21, 2021 | 10:00 AM EDT Register
May 25, 2021 | 08:00 AM PDT Register
May 27, 2021 | 10:00 AM EDT Register

Overview

  • Quick Reference Charts
    16 mins
  • Retirement Plans, IRAs & Employee Benefits
    40 mins
  • Excess business loss
    82 mins
  • Trade or Business Defined
    128 mins
  • Specified service trade or business
    163 mins
  • Limitation on Business Intrest
    198 mins
  • Electing Issued on the ADS Changes Under TCJA
    222 mins
  • Shareholder's Instructions for Schedule K-1
    278 mins
  • Partner's Capital Account Analysis
    325 mins
  • Business Entertainment Expenses Disallowed
    354 mins

Course Description

With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a one-day update course focusing on business income tax issues. This comprehensive webinar will not only review the current Federal business income tax laws but will also update tax return preparers of new tax forms, changes to existing tax forms, as well as tax planning opportunities and pitfalls. 

This webinar is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2020 tax returns and 2021 tax projections with an emphasis on newly enacted tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real-world examples, new Federal income tax forms and schedules, as well as Pat Garverick’s Quick Reference Chart.

MAJOR TOPICS COVERED:

  • Discuss the SECURE & CURES Act business income tax provisions
  • Review the business income tax provisions of the Tax Cuts & Jobs Act (TCJA) including but not limited to  A) The new lower corporate income tax rates and AMT repeal B) 20% qualified business income (QBI) deduction C) Changes to NOLs, business loss limitations, interest deduction, accounting method changes, fringe benefits, and entertainment expenses
  • Changes to the Forms 1120, the 1120S, and 1065 and other related schedules and forms
  • Recent changes to depreciation and §179 expense
  • Issues related to compensation, distributions, liquidations, self-employment taxes, and retirement plans

J. Patrick Garverick is one of the most admired and best-reviewed Tax Speaker in the country and we are offering the classes at a much-discounted price during the pandemic. His courses have been best-reviewed time and again 

  • For Quality of Content
  • For Relevance and Practical Case studies
  • For Best Teaching Approach
  • For Best Course Material

Awards and Accolades

  • Award for Instructor Excellence for California Education Foundation
  • Award for Outstanding Course materials for California Education Foundation.
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge. 

Learning Objectives

  • To recognize the major Federal income tax laws impacting C & S corporations and their owners
  • To identify the major Federal income tax laws impacting Partnerships and their owners
  • To recognize the major Federal income tax laws impacting LLCs and their owners
  • To identify the major Federal income tax laws impacting LLPs and their owners
  • To identify and comprehend any newly enacted legislation, changes and IRS guidance affecting business income tax returns

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA