About This Course:
The session will begin with a brief review of analyzing a business owner's personal "1040" tax return and the return of an LLC, S corporation, and C corporation including Schedules M-1 and M-2, Schedule K-1, pass-through transactions, and other deductions.
What You'll Learn:The remainder of the seminar will cover the following "advanced" tax topics related to business clients:
- Corporate Tax Issues including Business Structure, Section 179
- Depreciation, and Bonus Depreciation
- Investments including Capital Gain/Loss Issues and Passive Activities
- Real Estate Issues including Personal Residence, Rentals, Home Offices, and
- 1031 Tax-Free Exchanges
- Employer Provided Benefits including "Qualified Retirement Plans" and Health Savings Accounts (HSAs)
- Retirement Planning Strategies including "Defined Benefit" (DB) Plans
- Estate Planning Issues including Gifting
- Year-End Tax Strategies
- Changes to the Tax Code that impact Business Owners including the "Tax Cuts and Jobs Act" (TCJA), CARES Act, ARP Act, Infrastructure Investment and Jobs Act, and proposed tax legislation