TaxSpeaker

Business Tax Update

Live Seminar

Credit Hours: 8

By: Ron Roberson CPA

Registration for state sponsored events such as this one are handled by the individual states and not through our site. Contact information for registration is:

Phone: 412-833-3450
Website: https://www.pstap.org/professional-education-events/cpe-catalog/?eventid=836

Event Description:

"Business tax changes and problem coverage are the focus of this course. We cover the latest tax changes and add in our ""problem focus explanation"" where we hone in on the latest IRS attacks on small business issues. This class provides an in-depth look at the tax organization, filing and compliance issues for all 3 of the major forms of business entities.

The discussion of S corporations includes elections, late “S” election, allowed shareholders, basis rules, distributions and accounting issues. We also provide the instructions and elections to make a deemed dividend election or to distribute E&P before AAA. We also discuss troublesome operating issues such as officer compensation, debt basis, suspended losses and non-cash distributions.

The discussion of C corporations provides guidance on tax operating characteristics of the C corporation including accounting methods, choice of year-end, capital losses, net operating losses and a summary of consolidated return rules. Our discussion of C corporate reasonable compensation also includes an analysis of constructive dividend problems and concludes with a review of such problem issues as personal holding companies (PHC), personal service companies (PSC) and the accumulated earnings tax (AET).

Our LLC/partnership discussion includes organizational income tax elections and definitions and then moves to a completed example Form 1065. We discuss converting an LLC to an S corporation and provide an example election. We then move to operating issues of an LLC such as guaranteed payments, tax-free formation, partner self-employment tax issues, basis, ownership transfers and the sale of a partnership interest. An in-depth discussion of equity accounts is provided along with detailed analysis of debt basis.

Sponsor Details

State Sponsor: PSTAP Western PA chapter

Phone: 412-833-3450

Email: PSPAWPAChapter@aol.com

Sponsor Details

Sponsor: PSTAP Western PA chapter

If you have a small accounting and/or tax practice, you can’t afford to NOT belong to the PSTAP. The Pennsylvania Society of Tax & Accounting Professionals is a professional member-driven organization that provides education, information, tools and resources to more than 1,900 members around the state. With its inception in 1946, PSTAP, then PSPA (Pennsylvania Society of Public Accountants) was originally created to serve the needs of Public Accountants. Today, however, our membership is composed of certified public accountants (70%), public accountants, enrolled agents and tax practitioners. The PSTAP represents the interests of sole practitioners and smaller sized accounting firms. If you would like information about how to join the PSTAP, or the many benefits associated with membership in the PSTAP they are available here, or you can contact our Executive Office at info@pspa-state.org or by calling toll free 1-800-270-3352. If you want an application to join, click here.

Attendee Requirements

Call society/sponsor for location and hotel information as needed.

All policies and registration and fees are established by society/sponsor.

Dress warmly in layers as the room may be cool.

Event Details
Seating:
LIMITED
Cost:
$0.00
Hours:
8
Event Dates and Times

TIME ZONES: PLEASE NOTE: All live seminar times are listed for the time zone which the seminar is being held.

Date:   October 18, 2017
Time:   8:00 AM    Add to Outlook
 
Event Location
Venue:
Regional Learning Alliance
Address: 850 Cranberry Wood Drive Pittsburgh-Cranberry Township, PA 16066
Contact Information
Speaker Bio(s)
Ron roberson picture resized
Ron Roberson CPA

Ron Roberson is a well-known tax lecturer who has more than 20 years of experience teaching throughout the United States. Ron annually speaks to thousands of tax professionals about the latest business and personal tax law developments, using his sense of humor and friendly speaking style to keep...

Contact:
George Belles
Email:
PSPAWPAChapter@aol.com
Phone:
412-833-3450
Testimonials

Testimonial

Event Objective
Upon completion of this course, you will be able to-Explain the latest changes in tax law to your business clients; Inform clients of the various characteristics and tax implications of the C corporation form of business entity; Determine if a corporation qualifies to file the election for S status; Explain S corporation equity accounts to clients; Explain the differences in entity types to clients; Provide clients with the characteristics, advantages, and disadvantages of LLCs; Advise client on converting to an LLC from other business entity types; Advise clients about methods of accounting and partnership/LLC tax returns; and much more..

Field of Study
Taxes

Prerequisites
1 year tax preparation experience

Event Level
Update

NASBA Category
Taxes