This cutting edge seminar delivers the up-to-the minute latest and greatest changes in federal tax law for the CPA in industry and other interested persons.  Delivered at a brisk pace and with humor, this course meets the needs of the tax planner and return preparer alike by identifying and responsibly exploring recent important tax developments.

OBJECTIVES:   To update the CPA in industry by identifying and responsibly exploring recent important tax developments.  Learn how to reduce tax burdens intelligently and how to stay out of trouble.

HIGHLIGHTS:

• Cost recovery hay day – The latest along the topsy turvy road
• Repair vs. Capitalize new IRS regs enter the fray – Broken whisky bottles fly
• Congress keeps messing with employment taxes – What you must know
• IRS Passive Activity Loss Reporting Crackdown – Look out
• 2012 Extender Bill mania or doldrums – What happened?
• Newly codified Economic Substance Doctrine – Why you care, your fate if you don’t
• Going, going, gone?   Congress’ and the President’s tax increase wish list
• Trends in IRS (and states’) tactics against and demands on industry
• Coverage of income, employment and estate, gift and generation skipping transfer taxes
• Major provisions of all 2012 (and 2011) enacted (and newly effective) federal tax legislation
• Recent important court cases, regulations, rulings and related developments affecting businesses and retirement plans (and lightly for individuals)
• Resulting potential amended return opportunities for prior years
• Special emphasis on tax planning both affected and created by recent developments
• Up-to-the-minute tables, graphs, charts, practice aids and insights

WHO WILL BENEFIT:  CPAs in industry and other interested persons desiring a hard hitting, briskly paced and humorous one day update to identify and responsibly review brand spanking new federal tax developments.

PREREQUISITE:  None

LEVEL:  Update

NASBA FIELD OF STUDY:  Taxes 8

PRODUCER:  Bradley Burnett Tax Seminars, Ltd