Don Farmer's 2022 Corporate/Business Income Tax Workshop

Wednesday, December 14, 2022
8:00 AM - 4:00 PM (opens at 7:30 AM) EST
8Credits
Technical Business

Registration is 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.

Members
$275.00 Regular Price
Non-Members
$400.00 Regular Price
Course Type: CPE Seminars
Course Code: 22/3-203WS
Level: Update
Vendor: Virginia Society of CPAs
Field of Study: Taxes

Overview:

Using a combination of humor and examples, focus on tax developments that affect 2022 income tax return preparation and 2022 income tax planning for businesses.



Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Update

Objectives:

This course is designed to:

  • Provide explanations and planning ideas relating to the latest 2022 corporate and business tax developments, including the most recent guidance on new tax law provisions
  • Help practitioners prepare for "tax season"
  • Review tried-and-true traditional tax planning opportunities

The course is designed to:

  • Provide explanations and planning ideas relating to the latest 2022 corporate and business tax developments, including the most recent guidance on new tax law provisions
  • Help practitioners prepare for "tax season"
  • Review tried-and-true traditional tax planning opportunities

The course includes a comprehensive reference manual with each chapter containing basic rules, selected items of interest, 2022 developments, planning ideas and listings of IRS forms and publications.

Presenters:

  • David Peters

    David R. Peters, CPA, CFP, CPCU, MST, MBADavid Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for...

    Read more about David Peters here

Presenters:

David Peters

David R. Peters, CPA, CFP, CPCU, MST, MBADavid Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for...Read more about David Peters here

Major Topics:

Review of corporate and other business income taxation including:

  • Segments covering: Election to pay state income taxes at the entity level by S corps and partnerships
  • Constructive dividend issues
  • The 20% QBI deduction
  • Purchase and sale of businesses
  • §1031 exchanges
  • Travel, meal and entertainment deductions
  • Fringe benefits
  • §179 and 168(k) depreciation deductions;
  • Interest expense limitation
  • Partnership and S corp developments including developments relating to filing Forms K-2 and K-3
  • Accounting methods
  • Payroll tax issues

Significant 2022 developments including:

  • Any new 2022 legislation
  • New regulations including final regulations effective for tax years beginning on and after Jan. 5, 2021, explaining the proper treatment of inventories and use of the cash method for taxpayers with average gross receipts of $26 million or less
  • New 2022 rev proc providing rules for automatic accounting method changes
  • IRS ruling explaining when rental income is subject to S/E tax
  • Many others

A review of significant tax provisions and changes first effective in 2022

Major Topics:

Review of corporate and other business income taxation including:

  • Segments covering: Election to pay state income taxes at the entity level by S corps and partnerships
  • Constructive dividend issues
  • The 20% QBI deduction
  • Purchase and sale of businesses
  • §1031 exchanges
  • Travel, meal and entertainment deductions
  • Fringe benefits
  • §179 and 168(k) depreciation deductions;
  • Interest expense limitation
  • Partnership and S corp developments including developments relating to filing Forms K-2 and K-3
  • Accounting methods
  • Payroll tax issues

Significant 2022 developments including:

  • Any new 2022 legislation
  • New regulations including final regulations effective for tax years beginning on and after Jan. 5, 2021, explaining the proper treatment of inventories and use of the cash method for taxpayers with average gross receipts of $26 million or less
  • New 2022 rev proc providing rules for automatic accounting method changes
  • IRS ruling explaining when rental income is subject to S/E tax
  • Many others

A review of significant tax provisions and changes first effective in 2022

Designed For:

Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses

Prerequisties:

At least one tax season

Accommodations:

Delivery Method - Group Live
CPE sponsors

The Florida Institute of Certified Public Accountants (FICPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org