Year-End Tax Planning: Thinking Outside the Box

Tax planning is more than an estimated tax calculation, it's a process. Where are we now and what can we change? This timely program will highlight significant 2020-21 tax developments and discuss key tax-planning ideas for your clients as you prepare for the upcoming tax season. As many clients have interests in partnerships, S-corporations and Schedule C activities, the course will guide you on flow-through entity planning and key individual 1040 issues. Don’t wait until late December to start planning for your clients!

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Learning Objectives

Define the "hot issues" facing tax practitioners in planning for client returns
Apply key concepts to special client situations
Review of recent legislation and developments

Major Topics

2021-22 tax legislation, rulings and developments
COVID-19 relief
Section 199A deduction
New 21% corporate tax rate
Medicare tax on high income wages and SE income
Tax provision and extensions
Timing income and deductions
Alternative minimum tax (AMT) issues
3.8 percent net investment income tax
Rediscovering Section 1202 QSBS
Reconsidering choice of entity

CPE Credits Available

Total CPE

4: Taxes

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic working knowledge of individual taxation.

Advanced Preparation

None

Intended Audience

Practitioners and members in industry seeking a general individual tax update or wishing to review key individual tax topics for the upcoming tax season.

November 29, 2022