Business Tax Update & Recent Developments

Overview

This program provides an update to the latest tax developments, rules and regulations affecting business taxpayers, including a review and integration of 2023-24 legislation.  

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Update on significant 2023-24 business tax developments related to cases and rulings
• Review of recent business tax provisions and legislation
• Depreciation changes in Section 179 and Sec. 168(k) bonus depreciation
• Tax issues impacting “gig” workers, including Form 1099-K
• The Schedules K-2 and K-3 of Forms 1065 and 1120S related to foreign transactions

Prerequisites

Basic working knowledge of business taxation

Designed For

CPAs in public practice and members in industry seeking an update on the latest individual tax developments

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments

Preparation

None