Business Tax In Depth

Product Description

The 2026 Tax Year embraces the final results of the 2025 OBBBA with massive changes in business tax compliance and planning. The course begins with a discussion of the 71 new tipped occupations that employers will have to note on W-2’s, and self-employeds on Form 4137. A quick similar discussion is made on how and where to report overtime based on 2026 IRS guidance. We then move quickly to the new charity deduction rules (with examples) for C corporations before heading to a deep analyses of the new 168(n) building depreciation rules (again with multiple examples). With the over 25 changes to fringe benefit programs for 2026 we have added a special chapter to discuss all the new and modified fringe benefit programs from an employer’s point of view. 2026 is a big year for LLC tax changes with 2 new reporting forms, multiple SE tax court cases that will upend your opinions, and new analyses of day to day partnership activities. Not yet done, we then explain the new retirement changes regarding deferrals and planning and employer provided Trump accounts. Finally this learning overload will conclude with our review of S Corporation tax issues. Along the way this year we are also adding a major discussion chapter for business owner tax planning by explaining, with examples, the incredible 1202 tax-free business sale rules, the 1244 ordinary loss deduction, and the O-Zone as applied to small business.

Each type of entity is given special attention with its own chapter. The S corp chapter  will  emphasize timely/late elections, owner fringe benefits and wages, as well as basis, distributions and the use of ESBT’s for family ownership transfers.  The LLC chapter provides guidance on the latest partnership changes, compliance and reporting issues. The C corporation chapter offers instruction on operating issues and penalty taxes, and the S corporation chapter examines formation, elections, terminations and basis, plus reasonable compensation and fringe benefits, built in gains and shareholder changes. Each of the sections is fully and continually updated to reflect legislative and IRS changes, complete with dozens of examples.

All attendees receive the hyperlinked PDF E-Book.