Taxes

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

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

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

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

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

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

The employee retention credit, arguably the most stunning of all recent Congressional COVID relief is also among the most complex. Its interaction with PPP loans is a mystery to many. This session unlocks understanding of each. Discussion Leader: Bradley P. Burnett

Review of how popular fringe benefit programs have been affected by recent changes to income tax rules responding to COVID Pandemic. Short course will also suggest some options for providing owner/employees with “tax-free” benefits. Discussion Leaders: Karen Davis and E. Lynn Nichols

The COVID-19 Pandemic changed pre-retirees’ lives dramatically. Income decreases and job insecurity were coupled with fewer travel and leisure expenditures. Children from Kindergarten through college endured virtual learning, complicating the wage-earners’ lives. Disruptions in the form of deaths, disabilities, and divorces were multiplied by COVID. As the United States gets the upper hand on the pandemic, you will help your clients resume life as they knew it, or advance into another phase of living. Join Scott Wells, CFP(R), in exploring alternative retirement scenarios for your clients. Discussion Leader: J. Scott Wells

The IRS is attacking partnerships that make conservation easement donation to charities in many ways, such as labeling them as “listed transactions”, launching a compliance campaign, seeking a permanent injunction, including them in the “dirty dozen” list, and more. This presentation, by an attorney who is currently defending hundreds of easement disputes, explains the rules related to conservation easement donations, support by Congress for corresponding tax enticements, and 20 recent IRS enforcement actions, most of which are unknown by the public. Discussion Leader: Hale Sheppard