Course Detail

Don Farmer's 2022 Corporate & Business Income Tax Workshop

Description:

Using a Combination of Humor and Examples, We Will Focus on Tax Developments that Affect 2022 Income Tax Return Preparation and 2022 Income Tax Planning for Businesses.

Highlights:

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; and Payroll Tax Issues.
  • Significant 2022 Developments Including: Any New 2022 Legislation; New Regulations Including Final Regulations Effective For Tax Years Beginning On And After January 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; and Many Others.
  • Review of Significant Tax Provisions and Changes First Effective in 2022.

Additional Info:

  • Comprehensive Reference Manual Containing a Discussion of Major Areas of Business-Related Income Taxation.
  • Where Applicable, a Segment in Each Chapter of Relevant New Law Changes and latest Developments. <?xml:namespace prefix="o" />
  • Checklist of Expiring Business Tax Provisions.
  • Objectives:

    1. 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; 2)
    2. Help Practitioners Prepare For Tax Season; And
    3. 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 Related IRS Forms And Publications.

    Prerequisites:

    At Least One "Tax Season."

    Notes:

    J. William Harden, Ph.D., CPA, ChFC, University of NC Greensboro / Greensboro, NC Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and ethics. Bill has over twenty years of experience in taxation. He began his public accounting career in 1990 in the Dallas office of one of the Big Six accounting firms. In addition to his university teaching, Bill consults on tax and financial planning issues and maintains a sole practice in North Carolina, focusing on taxation and financial consulting for small businesses and individuals. Bill has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002. Bill has been involved in CPE instruction for over a decade. He was the author of the AICPA's tax update courses from 2007 through 2012 and received AICPA instructor awards in 2011, 2012 and 2013. Bill also received NCACPA outstanding instructor awards in 2009, 2010 and 2011. Bill has authored over 30 publications in tax accounting and financial planning journals, including the Journal of Financial Service Professionals, Strategic Finance, National Tax Journal, Journal of Business Finance and Accounting, Tax Notes, Tax Advisor, Journal of the American Society of CLU and ChFC. Mr. Harden is currently a member of the American Accounting Association, the American Taxation Association, the National Tax Association, the AICPA, and the North Carolina Association of CPAs. He is a past board member of the Piedmont Chapter of the NCACPA.

    Designed For:

    Individuals Who Prepare Income Tax Returns for Businesses or Who Engage In Income Tax Planning for Businesses and have a detailed Knowledge of Income Taxation and Income Tax Return Preparation for Businesses.

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