Federal & California Tax Update for Businesses and Estates | Titans of Tax 2023

Description

Federal and California tax developments affecting C and S corporations, partnerships, estates, trusts and exempt organizations are covered. Federal and California legislative updates and associated guidance from IRS and FTB are explained. Due diligence considerations relevant to recent developments are addressed to help with compliance and planning. Recent law changes and IRS guidance are covered. Course materials summarize each key development, and the e-Book provides links to the full text of source documents discussed during the program and additional developments. Materials include helpful charts and a table with links to all federal tax regulations and IRS rulings. Note : This is the companion course to Federal and California Tax Update for Individuals.

Highlights

• New law provisions and guidance and tax form changes affecting business entities, tax-exempts and estates and trusts with emphasis on details of relevant energy and research credits, loss limitation and any federal law changes in 2023
• Key cases and IRS and FTB guidance affecting partnerships, LLCs, C corporations, and S corporations
• Employment taxes and worker classification matters
• Accounting method developments
• Tax credits updates-Federal and California
• The state of California and multistate significant developments including nexus, sourcing and tax matters relevant to a remote workforce
• Expired and expiring provisions
• Inflation adjusted amounts for 2024

Objectives

• Recognize and apply federal and California tax developments affecting corporations, partnerships, estates and trusts, and how these new provisions and interpretations impact planning and compliance for your clients
• Identify the year's significant regulations, IRS and FTB rulings, as well as other administrative guidance on business and estate tax matters
• Describe the most important 2023 court cases addressing business entities, and their relevance to practice
• Identify planning and due diligence learned from recent developments

Designed For

CPAs, financial professionals and attorneys.