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Top 50 Business Tax Mistakes Practitioners Make and How to Fix Them (BTBB) (SUBTBB06)

Date:Wednesday, December 27, 2017
Time:9:00 AM - 5:00 PM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Technical Business
Instructor: Dennis Benvie
Vendor:Surgent McCoy
Course Level:Intermediate
Early Bird Price:$219.00 FICPA Members, $339.00 Non-Members

If only we could see ourselves as others see us. Learn the traps taxpayers fall into - before you make the mistake. Attend this enjoyable yet very informative course that focuses on the law while exploring some of the top errors made in compliance and tax planning for business entities. The study of the law underlying the tax or practice issue will assist practitioners in satisfying their professional standards of practice and will help in preparing business tax returns. Avoid these missteps, plan for a better tax result, and benefit from a wealth of knowledge that can be applied to practice.

  • Discuss business transactions that have significant tax effects and the need to do proper tax planning
  • Describe the most substantial mistakes that practitioners can make in dealing with the tax aspects of businesses

Major Topics:
  • Don't get caught watching the paint dry
  • Current practice issues regarding basis, and a new look at debt vs equity
  • Keeping an eye on possible upcoming changes, including those from the Department of Labor
  • Can I amend prior returns to correct an impermissible accounting method?
  • S Corporations: Just what is causing inadvertent terminations today, which happens more than you think; and errors in basis, structuring debt, distributions and liquidation
  • LLCs and partnerships: Mistakes in allocation of debt, fringe benefits, unreimbursed expenses; oversight in not taking into account limitations at the entity level; and pension issues
  • C Corporations: Keeping a stock redemption a capital transaction; and why small business owners should consider taking dividends
  • Travel and entertainment: tricks and traps
  • Related party transactions: explore business issues and the significant tax problems that can occur with failure to recognize a related party transaction
  • Is there a flexible standard of law for small closely held businesses?

Who Should Attend:
CPAs who wish to get a broader insight into tax planning by understanding the significant mistakes professionals can make and how to avoid them

Experience with business clients

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.