On-Demand Self-Study

Sid Kess/FAE's Business Tax Update - 06/01/2025

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On-Demand Self-Study
thickness: initial; text-decoration-style: initial; text-decoration-color: initial;'>• Updates on payroll tax issues including Sick Leave and Employee Retention Credits

• News on IRS audit targets for S corporations and LLCs

• Details on the SALT workaround for pass-through entity owners

• Reminders on the streamlined audit provisions for partnerships and LLCs

• Discussion of a new S corporation reasonable comp case

• Updates on ACA and its "employer mandate"

• Plus, a review throughout the day of issues explained and clarified in recent tax court cases and IRS rulings

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Discuss business tax developments for 2021 returns.


• Enumerate planning ideas in implementing changing business tax laws.


• Accurately prepare returns for business taxpayers.


• Understand and apply the various rules and regulations on the QBI deduction.


• Identify tax issues and apply regulations related to real estate as a qualified business for the QBI deduction.


• Convey details of the Affordable Care Act (ACA) "employer mandate."


• Identify opportunities for employer payroll credits.


• Learn IRS audit issues for pass-through entities including basis and reasonable compensation


• Review tax issues explained and clarified in recent tax court cases and IRS rulings


• Apply the many other business tax changes applicable for 2021 business returns

Major Topics

thickness: initial; text-decoration-style: initial; text-decoration-color: initial;'>• Updates on payroll tax issues including Sick Leave and Employee Retention Credits


• News on IRS audit targets for S corporations and LLCs


• Details on the SALT workaround for pass-through entity owners


• Reminders on the streamlined audit provisions for partnerships and LLCs


• Discussion of a new S corporation reasonable comp case


• Updates on ACA and its "employer mandate"


• Plus, a review throughout the day of issues explained and clarified in recent tax court cases and IRS rulings

CPE Credits Available

0
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

Experience preparing business tax returns including Forms 1120, 1120-S and 1065.

Advanced Preparation

Experience preparing business tax returns including Forms 1120, 1120-S and 1065.

Intended Audience

CPAs in industry and public accounting who need a thorough grasp of the changing tax laws and how they affect our clients going forward.

Provider

Foundation for Accounting Education

Purchase This Course

  • NYCPA Member

    $ 199 199
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  • NYCPA Non-Member

    $ 299 299
    Your Price

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