Key Tax Issues for Business Taxpayers

Overview

This course will address the most recent tax legislation, IRS guidance and developments occurring in 2024-25 that will impact business taxpayers. Designed to prepare the practitioner for the upcoming filing season, this course will provide useful strategies to assist in the tax preparation process.

**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

• “Tax-mageddon” – the all-important impending expiration/extension/renewal of the TCJA 
• Other recent legislative, judicial, and IRS developments impacting business taxpayers.
• Current status of Research and Experimentation costs and Interest Expense Limitation
• Phaseout of Bonus Depreciation and MACRS issues.
• Partnership and S corporation legislative updates

Prerequisites

Basic working knowledge of business taxation

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments affecting business taxpayers

Objectives

• Identify and understand the latest developments, rules and regulations affecting business taxpayers
• Define and discuss planning tools and potential pitfalls

Preparation

None