TaxSpeaker

Business Tax in Depth

Online Webcast

Credit Hours: 16

By: Bob Jennings CPA, EA

Number of Attendees:

$342.00
 
Event Description:

The business in-depth class is the central reference point manual for preparing business tax returns. Similar to our 1040 class, this course begins with detailed discussions of business tax changes that have occurred during the year, whether from Congress, the IRS or the courts.
We then move to business formation issues including tax-free organization and choice of entity decisions. This class then provides an in-depth look at the tax organization, filing and compliance issues for all 3 of the major forms of business entities. For 2016 this course will also include special discussion of business tax credits and a focus chapter on financial management basics for business.

The discussion of S corporations includes elections, late “S” election, allowed shareholders, basis rules, distributions and accounting issues as well as the use of ESBT’s, QSST’s and the Q-Sub. The “S” discussion provides the forms, elections and statements needed to convert a sole proprietor to an S corporation or to convert an LLC to an s corporation, as well as the guidance needed to convert a C corporation. 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. Several case studies illustrated, with tax forms, the effects of a “walk-away” partner as well as the 754 step-up basis election. An in-depth discussion of equity accounts is provided along with detailed analysis of debt basis.

We also have a case study on late S elections with completed forms and IRS letters, and greatly expanded explanation of our LLC chapter with more coverage and 2 more case studies on LLC terminations including what to do when partners just walk away, and what to do with partners with negative capital accounts.

Attendee Requirements

THIS IS A REBROADCAST - Earn Live CPE credit. This is a rebroadcast of an earlier webcast with a Live Moderator to answer your questions.

SYSTEM REQUIREMENTS - You must
have a high speed internet connection, speakers connected to your computer and monitor.


GROUPS - PROCTORS - If you have
more than 1 person REGISTERED for the streaming webcast and all would like
to watch from the same computer, please complete the Proctor Form and return
to us after completion of the webcast in order to receive proper CPE credit.
A CPA must attest to the attendance of each person. The CPA does not have to
be in attendance of the webcast, just attest that the persons on the form have
attended. Proctor Form
(Word doc) Proctor From
(PDF)

DAY OF WEBCAST - You can login 10 minutes early. Please note that you will not see or hear a speaker until the prompt start time.


FAQ - Visit our FAQpage for more answers regarding our Streaming Webcasts.


TIME ZONES-PLEASE NOTE:All streaming seminars times listed are Eastern Time Zone. Please adjust to your time zone.

Disclaimer

Fees and Schedule -
This TaxSpeaker Internet-Live seminar begins promptly at stated time, will break for lunch, have 2-10 minute breaks and end promptly at the stated time.

Attendees must answer 75% of all polling questions given during the day to obtain
the full hours of CPE Credits.


Cancellation, Transfer and Refund Policy

Registration fees will be refunded in full for up to 30 days in advance of the seminar. Registrations cancelled between 1-30 days prior to the seminar date are subject to a $50 cancellation fee. For more information regarding administrative policies, complaints and refunds please contact us at 877-466-1040 or visit www.taxspeaker.com. A 30-day money back guarantee applies to all self-study products. NO REFUNDS OR TRANSFERS WILL BE ISSUED AFTER THE SEMINAR BEGINS.
NO EXCEPTIONS.
Please call us at 877-466-1040 for auxiliary aid needs.


Continuing Education



Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
NASBA Sponsor #108251


This Internet-Live seminar carries the above mentioned hours of CPE credit, based upon a 50 minute contact hour. All Jennings Advisory Group seminars have been designed to comply with the Statement on Standards for Formal Group Study Programs published by the American Institute of Certified Public Accountants and the National Association of State Boards of Accountancy and to comply with CPE accreditation standards in the states in which they are held.


Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.

Event Details
Seating:
LIMITED
Cost:
$342.00
Hours:
16
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 1 :   November 01, 2017
Time 1 :   10:00 AM    Add to Outlook
 
Date 2 :   November 02, 2017
Time 2 :   10:00 AM   
 
Contact Information
Speaker Bio(s)
Bob jennings
Bob Jennings CPA, EA

Bob is a nationally renowned author and speaker, presenting continuing education classes to over 100,000 tax professionals over the last 20 years all over the world. Bob is a licensed CPA (Indiana),and an IRS Enrolled Agent. Bob is also a prolific author and has published over 60 professional ar...

Contact:
Samantha Zarantonello
Email:
info@taxspeaker.com
Phone:
812-288-1513 or 877-466-1040
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; Summarize the various methods of accounting that are available; Determine the appropriate treatment for various business expenses; Assist clients with the formation of a C or an S corporation; Define a controlled group and determine the tax issues that are affected with controlled groups; Determine the proper classification of individuals working for you and assist clients in determining if individuals working for them are employees or independent contractors; 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; and much more..

Field of Study
-Federal Tax Law hours & -Federal Tax Update hours

Prerequisites
2-4 years tax preparation experience

Event Level
Intermediate

NASBA Category
Taxes