Don Farmer's 2022 Corporate/Business Income Tax Workshop with Bill Harden

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Instructor

Bill
Harden

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Bill Harden

Bio

J. William Harden, Ph.D., CPA, ChFC
UNC Greensboro
Greensboro, NC

Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and international tax. Prior to teaching, Bill was a Senior Tax Accountant with an international CPA firm as well as a tax accountant for an international oilfield services company. He is currently in sole practice, focusing on taxation and financial consulting for small businesses and individuals.

In addition to his university teaching, Bill consults on tax and financial planning issues. He has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002.

Mr. Harden is currently a member of the American Accounting Association, the American Taxation Association, the National Tax Association, the AICPA, and the North Carolina Association of CPAs. With the American Taxation Association he has served on the Program Committee, the Legal Research Committee, Flow-through Entities Policy Committee as well as the International Tax Policy Committee. He is a past board member of the Piedmont Chapter of the NCACPA. Bill has authored over 25 publications included in the Journal of Financial Service Professionals, Strategic Finance, National Tax Journal, Journal of Business Finance and Accounting, State Tax Notes, Tax Notes International, Tax Notes, Tax Advisor, Journal of the American Society of CLU and ChFC. In addition, Bill has published book and software reviews, a newspaper article for The Business Journal.

Using a combination of humor and examples, we will focus on tax developments that affect 2022 income tax return preparation and 2022 income tax planning for businesses.

Learning Objectives

This course is designed to:

Provide explanations and planning ideas relating to the latest 2022 corporate and business tax developments, including the most recent guidance on new tax law provisions
Help practitioners prepare for “tax season”
Review Tried-And-True Traditional Tax Planning Opportunities

The course includes a Comprehensive Reference Manual with each chapter containing basic rules, selected items of interest, 2022 developments, planning ideas, and listings of related forms and publications.

Major Topics

Review of Corporate and Other Business Income Taxation Including:

· Segments Covering: Election to Pay State Income Taxes at the Entity Level by S Corps and Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase and Sale of Businesses; §1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; §179 and 168(k) Depreciation Deductions; Interest Expense Limitation; Partnership and S Corp Developments Including Developments Relating to Filing Forms K-2 and K-3; Accounting methods; and Payroll Tax Issues.

· Significant 2022 Developments Including Any New 2022 Legislation; New Regulations Including Final Regulations Effective for Tax Years Beginning on and After January 5, 2021, Explaining the Proper Treatment of Inventories and Use of the Cash Method for Taxpayers with Average Gross Receipts Of $26 Million Or Less; New 2022 Rev Proc Providing Rules for Automatic Accounting Method Changes; IRS Ruling Explaining When Rental Income is Subject To S/E tax; and Many Others.

· Review of Significant Tax Provisions and Changes First Effective in 202

CPE Credits Available

8 CPE

8: Taxes

Things to Know About This Course

Prerequisites

At least one year of experience in a “tax season"

Intended Audience

Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.