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  • Business Tax In Depth, Virtual (16 Credits)

Business Tax In Depth, Virtual (16 Credits)

  • 29 Oct 2020
  • 8:00 AM
  • 30 Oct 2020
  • 4:00 PM
  • 42

Registration


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Business Tax In Depth Seminar Information  

The Tax Cuts bill changed everything we know about the formation and operation of C corporations, LLC’s and S corporations. With in-depth coverage of LLC, S and C corporate tax issues the 2020 in-depth course will also include detailed analyses of the choice of entity that best fits the taxpayer, and corporate formation issues. The LLC chapter will provide guidance on the new partnership audit regulations; the C corporation chapter will discuss the new tax rate and penalty taxes; and the S corporation chapter will examine the 20% flow through deduction, plus the impact of the new tax law on built in gains and the interaction of wages vs. the flow through deduction. Combining the 3 focus areas of C corporations, S corporations and LLC taxation with these two special topics will make this one of the most relevant courses a participant will take in 2020.

Every chapter has been updated for the effects of the end-of-2019 Budget Bill and both March 2020 tax bills, with in-depth discussion and examples of those changes! 2020 changes are all coming together with 4 different bills into a massive year of tax changes.

In response to your requests, our S Corporation chapter has been expanded with a new completed 2019 Form 1120S case study, discussion of Passive income and Built in Gains and analyses of this year’s court cases. The C Corporation chapter has also been updated reflecting all of the new NOL changes. The Business interest chapter now includes the brand new law changes and the LLC chapter-wow, the biggest year of changes for LLC’s since 1986.

Speaker: Bill Leonard, CPA, MAFF, CGMA

If you are not a VSTAP member, but want to get the member rate, you can join online.

 October 29  
 8:00 am-noon  Seminar 
 noon-12:45 pm  Lunch Break
12:45-4:30 pm  Seminar
   
 October 30  
 8:00 am-noon  Seminar
 noon-12:45 pm  Lunch Break
 12:45-4:00 pm  Seminar

Seminar Location & Hotel Reservations

This seminar will be held in a virtual online format only for 2020.

Additional Information

Credit Hours: 16 
Field of Study: Taxes, Update
Program Level: Update
Prerequisites: 1 Year of Tax Preparation
Advanced Preparation: None
Instructional Method: Virtual
Approved by: NASBA, IRS & CFP Board 

Course Objective:

Upon completion of this course, you will be able to-Explain the latest changes in tax law to your business clients; Summarize the various methods of accounting that are available; Determine the appropriate treatment for various business expenses; Assist clients with the formation of a C or an S corporation; Define a controlled group and determine the tax issues that are affected with controlled groups; Determine the proper classification of individuals working for you and assist clients in determining if individuals working for them are employees or independent contractors; Inform clients of the various characteristics and tax implications of the C corporation form of business entity; Determine if a corporation qualifies to file the election for S status; and much more..

Refunds and Cancellations

COVID-19 Pandemic Impact and Refund

Because of the impacts on events and professional development caused by the COVID-19 pandemic, VSTAP has been forced to hold this event in a virtual online format.  

The online format will require a computer and internet connection to be provided by the attendee.  The online event registration includes only an electronic version of the Tax Speaker seminar notebook.   A printed, hard-copy of the notebook may be purchased directly through Tax Speaker. Participants in the online version of the seminar will be supported by Tax Speaker’s staff and their attendance for CPE will be tracked by Tax Speaker.  The cost of the online registration is lower, therefore the difference between what was paid and the new online event registration fee will be refunded to those who paid registration prior to this announcement.   Because the event will be held in a format other than originally listed, all administrative fees will be waived for those who registered prior to the announcement of the change to an online event.

Attendance Cancellation Policy

Attendee cancellations and requests for refunds MUST be done in writing by e-mail or mail.  Postmarks for mail must be before the cancellation date.  Phone calls and phone messages will not qualify as notice of cancellation.

Refund Policy

Cancellations received must be received five (5) business days before the beginning of the event program to be eligible for refunds.  An administrative charge of $50 will be applied to all refunds.

Cancellations not received in writing by the date required will not be eligible for a refund. If cancellations requests are received less than five (5) days but more than 24 hours before the start of the program will be charged a $125 cancellation fee and the balance of the registration will be applied to a future VSTAP event.

If a person registered for the live event they will automatically be given the choice to register at a new rate for a simulcast or online seminar with all change fees waived.  Where there is a simulcast attendees will automatically be registered at that level but may decide to do online only.  If a simulcast is not available the attendee will automatically be registered as an online attendee and refunded the cost difference.  Attendees retain the option to cancel according to the policy above.



This seminar has been approved by:




©2019, Virginia Society of Tax & Accounting Professionals, formerly The Accountants Society of Virginia, 
is a 501(c)6 non-profit organization.

PO Box 3363 | Warrenton, VA 20188 | Phone: (800) 927-2731 | Fax: (888) 403-0920 | asv@virginia-accountants.org

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