Review of corporate and other business income taxation, including segments covering * 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 * election to pay state income taxes at the entity level by S-corps and partnerships * business interest expense limitation * partnership and S-corp developments, including developments relating to filing Forms K-2 and K-3 * and other business topics. Significant 2023 developments, including * any new 2023 legislation; secure act 2.0 provisions effective for 2023 * commercial vehicles qualifying for new electric vehicle credits * inflation reduction act provisions affecting businesses and effective for 2023 * and many others. * Review of significant tax provisions and changes first effective in 2023.

Event Level: Update
Required Knowledge: Detailed knowledge of income taxation and income tax return preparation for businesses
Advanced Preparation: At least one “tax season”
Who Should Attend: Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses
Vendor: Don Farmer
Speaker: William Harden