Review of Corporate and Other Business Income Taxation Including:

• Segments Covering: The latest developments in the areas of 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; PTE elections to pay state income taxes at the entity level by S corps and partnerships; business interest expense limitation; filing Forms K-2 and K-3; green energy, and other business topics.
• Significant 2024 Developments Including: Any New 2024 legislation; SECURE Act 2.0 provisions effective for 2024; commercial vehicles qualifying for new electric vehicle credits; Inflation Reduction Act green energy provisions affecting businesses; the latest on the Corporate Transparency Act; employee retention credit developments; and many others.
• Review of Significant Tax Provisions and Changes First Effective in 2024.