Don Farmer’s 2024 Corporate/Business Income Tax Workshop

This Course Is Designed To:

1) Provide Explanations And Planning Ideas Relating to The Latest 2024 Corporate And Business Tax Developments, Including The Most

Recent Guidance On New Tax Law Provisions;

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, 2024 Developments, Planning Ideas, And Listings Of Related IRS Forms And Publications.

Review of Corporate and Other Business Income Taxation Including:

• Segments Covering the latest developments in the areas of: S Corporations; 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; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories And Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; PTE Elections To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Filing Forms K-2 and K-3; green energy, and Other Business Topics.
• Significant 2024 Developments Including: Any New 2024 Legislation; SECURE Act
• 2.0 Provisions Effective For 2024; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Green Energy Provisions Affecting Businesses; the Latest on the Corporate Transparency Act; Employee Retention Credit Developments; and Many Others.
• Review of Significant Tax Provisions and Changes First Effective in 2024.

The Course Material Includes:

• 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.
• Checklist of Expiring Business Tax Provisions.
• Updated Items That Are Indexed For Inflation.