[WEB] Planning and Compliance for Complex Transactions of Business Taxpayers

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

In a landscape of perpetual change, each year introduces new complexities. Amendments to the Tax Code, occasionally embedded within legislation bearing misleading titles, coupled with court rulings affirming the value or validating the risks in advice dispensed years prior, confront tax professionals. Moreover, intricate transactions demand the application of established laws to novel situations. This comprehensive program delves into precisely these multifaceted subjects.

Highlights

• In-depth exploration of federal income tax ramifications encompassing
• Insolvency considerations under Code Section 108 and the Bankruptcy Code
• Strategies for late elections outlined in Regulation 301.9100-2 and 3
• Change in accounting methods analysis pursuant to Code Section 446 and 481
• Comprehension of Net Operating Loss calculations, carryforward procedures, and the constraints defined by Code Sections 172 and 382

Objectives

At the end of this course, you will be able to:

• Identify ways the tax advisor can help clients comply with the law in a tax efficient manner.
• Discuss how a client can restructure in Chapter 11
• Identify opportunities to reduce income tax by selecting appropriate accounting methods and compute NOL
• Carryover and Excess Business Loss Limitation
• Discuss opportunities to make late accounting method elections

Designed For

CPAs, EAs, and other tax professionals