On day one, GEAR UP presenters cover all the major tax changes for every business entity contained in the Tax Cuts and Jobs Act of 2017, any corrections bills and new tax legislation, and all administrative actions impacting the preparation of federal business tax returns. Topics covered include:
Analysis of the new tax rates and calculating their impact on client businesses.
Changes in the Alternative Minimum Tax bring big savings.
Changes in Pass-through businesses and the planning/tax minimization options.
Changes in carried interest, domestic production activities deduction (DPAD), and like-kind exchanges brings big changes and choices.
Handling net operating losses and excess business losses: more tax minimization options.
Changes in Section 179 expensing expands and so do client options in writing off expenses.
New bonus depreciation rates and important repeals.
Changes in vehicle depreciation rules and entertainment expenses affect recordkeeping.
New rules for technical termination of partnerships.
On day 2, presenters will walk through how the tax changes affect planning and tax minimization options for each entity; how to evaluate client entity choices and whether they should be changed to minimize tax exposure, and how practitioners can expand business tax consulting opportunities with both their business clients and 1040 clients reporting schedule income.
Attendees also walk away with GEAR UP's comprehensive two-day business entities workbook and free online download of the book for use with client consultations and tax preparation. It's a quick reference guide with easy-to-use search functions, making this a "must" for tax season and more!
MTAP Active Member $299
MTAP Associate Member $289
MTAP Member Employee $326 *
* Must be an employee of a MTAP Active member. Fee includes MTAP Associate membership valid through 9-30-2020.