Taxes

Increase Cash Flow Through Tax Strategies (LITX04/22)

Attend this proactive seminar and gain a better understanding of how tax return analysis can be used to determine an individual and company’s cash flow position. With this knowledge, the CPA will be able to help their clients improve their cash flow position, obtain financing, and/or better manage their on-going business operation. Discussion Leader: William Bill Strickland

S Corp Shareholder Basis – AAA & E&P & Retained Earnings (LITX79)

Even though they have been around for several years, the tax laws pertaining to S-Corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S-Corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect both shareholder basis as well as equity. Discussion Leader: David Peters

Selecting Form of Business – Partnership, Corporation, S Election (LITX75)

How can choice of entity make a difference in long-term financial rewards to owners. What facts are most important when making a decision on an entity through which to conduct business. Capital required, location, need for skilled labor, plan for owner involvement, franchise agreement if applicable, financing options, local government attitudes, owner expectations, exit strategy. Discussion Leaders: Richard Bartholomew and E. Lynn Nichols

Meals and Entertainment (LITX76)

Participants will be able to identify which meals are deductible and documentation required as well as what defines Entertainment. Discussion Leader: Roxanne Ostlund

IRS Practice Units- What’s Available and How to Use Them (LITX77)

Examine IRS auditor training materials on common tax compliance problems . . . Learn how you can base staff training on income tax principles and current issues using material developed and made available by the IRS. Identify those “PRACTICE UNITS” on topics most useful to your practice. Discussion Leader: E. Lynn Nichols

Cases and Rulings (LITX78)

New tax rules are made every week by court interpretations of the law and/or IRS published guidance on common transactions. This program segment offers expert analysis and commentary on those events and suggestions for tax practitioners to learn and apply new rules. Discussion Leaders: E. Lynn Nichols and Michael J. Tucker

Odds and Ends of COVID (LITX72)

Congress keeps throwing money at COVID – cash payouts, income tax breaks and payroll tax refunds galore. This session keeps you up-to-date with the layer after layer of change. Discussion Leader: Bradley P. Burnett

Planning with IRAs (LITX71)

Having sufficient assets to live a comfortable and secure retirement is one of the concerns that many people face. This concern cannot be resolved without having a solid retirement plan. In this course, we will discuss how to help clients build after-tax wealth by talking about the different IRAs, stating the rules related to contributions and distributions and highlighting the effect of the recent tax law changes on the planning process. Discussion Leader: David Peters