Webcast: Federal Tax Update - C&S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)

Highlights

This session is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2025 tax returns and 2026 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, as well as Pat Garverick’s Quick Reference Chart. Topics include but are not limited to:

• Discuss the most recent business income tax legislation passed to date including any TCJA provisions expiring after 2025
• Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs, §461(l) business loss limitations, §163(j) business interest deduction limitations, accounting method changes, depreciation, fringe benefits and entertainment expenses
• Brush up on issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans
• Look at any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms

Objectives

Once participants have completed this session, they should be able to:

• Understand the major Federal income tax laws impacting C & S corporations, partnerships, LLCs, LLPs and their owners
• Identify and comprehend any newly enacted legislation, changes and IRS guidance affecting business income tax returns

Designed For

Tax accountants in public or private practice in need of power-packed one-day Federal business entity update course. This is a great course to gear up for tax season.