Taxes

In this course we will cover various aspects from beginning to end of working with attorneys in the capacity of an expert witness. We will discuss engagement letters, communication with attorneys in light of evidentiary rules, taking notes and writing reports for state and federal courts, creating a CV and giving testimony either on the witness stand or through depositions. Some areas will be covered more in depth than others based on the time frame for this course.

LLCs are the entity of choice, but would your client be better off by selecting partnership or S-corporation status?

Enrolled Agent Approved

Compensation can be a complex issue both for determining employee/independent contractor status and proper reporting. And don’t forget the Trust Fund penalty!

Enrolled Agent Approved

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

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

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