Don Farmer's Advanced Corporate Income Tax Workshop with David Peters(In-Person)

Overview

Using a combination of humor and examples, we will focus on tax developments that affect 2024 income tax return preparation and 2024 income tax planning for businesses.

Objectives

This course is designed to:

Provide explanations and planning ideas relating to the latest 2024 corporate and business tax developments, including the most recent guidance on new tax law provisions

Help practitioners prepare for "Tax Season"

Review tried-and-true traditional tax planning opportunities. The course includes a comprehensive reference manual with each chapter containing basic rules, selected items of interest, 2024 developments, planning ideas, and listings of related IRS forms and publications.

Highlights

Review of corporate and other business income taxation including:

Segments covering the latest developments in the areas of: S Corporations; Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase and Sale of Businesses; 1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; 179 and 168(k) Depreciation Deductions; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories and Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; PTE Elections To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Filing Forms K-2 and K-3; green energy, and Other Business Topics.

Significant 2024 developments including: Any new 2024 legislation; SECURE Act 2.0 provisions effective for 2024; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Green Energy Provisions Affecting Businesses; the Latest on the Corporate Transparency Act; Employee Retention Credit Developments; and Many Others.

Review of Significant Tax Provisions and Changes First Effective in 2024.

The course material includes:

Comprehensive reference manual containing a discussion of major areas of business-related income taxation.

Where applicable, a segment in each chapter of relevant new law changes and latest developments.

Checklist of expiring business tax provisions.

Updated items that are indexed for inflation.

Designed For

Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.

Prerequisites

At least one “Tax Season”, and detailed knowledge of income taxation and income tax return preparation for businesses.

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

David Peters, Peters Professional Education LLC

Leader Bios

David Peters, Peters Professional Education LLC

David R. Peters, CPA, CFP, CPCU, MST, MBA

David Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over sixteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.

David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years. Currently, David is a National Instructor for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. David holds four master’s degrees, and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. David was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.

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