FICPA – Don Farmer CITW (Corporate Income Tax Workshop)
Description
Taxes are no laughing matter – until you attend a Don Farmer tax workshop! Using comedy and examples, these entertaining seminars review tax developments that affect tax return preparation and tax planning.
This year, Walter Nunallee is back by popular demand. We’ll cover all of the latest developments when it comes to dealing with recurring issues, planning ideas, and fine tuning your practice ahead of tax season.
LEARNING OBJECTIVES
This course is designed to:
Provide explanations and planning ideas relating to the latest 2019 tax developments, including the most recent guidance on provisions of the Tax Cuts And Jobs Act (TCJA) impacting corporations and businesses
Help practitioners prepare for “tax season”
Review and update corporate and business tax law developments and planning ideas. The course includes a 600+ page reference Manual with each chapter containing basic rules, selected items of interest, 2019 developments, planning ideas, and listings of related IRS forms and publications. Where applicable, each chapter of the Manual includes a segment devoted entirely to the impact of “TCJA” on that chapter’s topic.
Learning Objectives
Recognize compensation issues and nontaxable employee fringe benefits
Identify the specific rules that apply under the “passive activity” rules
Identify and calculate the business deduction for home office expenses and deduction limitations on vacation homes and other ordinary business expenses
Analyze the deductibility of hobby losses
Identify the rules for depreciation and amortization deductions
Differentiate between capital and ordinary income treatment on property transactions
Identify tax consequences for self-employed retirement plans and IRAs
Gather the necessary information required to include the claim for a tax credit on an individual income tax return
Major Topics
Fringe benefits
Retirement plan distributions
Hobby losses
Home Offices
Depreciation and amortization
Tax Credits
Gains and losses on property transactions
Provider
Don Farmer Seminars
Course Level
Intermediate
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8.0
Who Should Attend
CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season
Prerequisites
Knowledge of individual income taxation and Form 1040 preparation
