September 5, 2025


Webinar


2 CPE

Business Tax Update: Recent Developments

September 5, 2025
Webinar
2 CPE

Business Tax Update: Recent Developments

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    Instructor

    Steve
    Dilley

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Learning Objectives

After attending this presentation, you will be able to...

  • Implement practical strategies based on a thorough understanding of the complex rules for casualty losses and casualty gains
  • Identify and recall key compliance issues
  • Identify and recall significant issues in the casualty loss tax form

Major Topics

The major topics that will be covered in this class include:

  • Discuss the impact of the Section 199A flow-through entities deduction on partnerships and their partners
  • The meaning of a "tax basis capital account"
  • How the financial accounting and tax capital accounts differ from one another
  • Determine a partner's share of the partnership's liabilities
  • Distinguish "recourse" loans from "nonrecourse" loans
  • What are "qualified nonrecourse financing" loans and how they affect partners
  • Section 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
  • Section 4655 "at risk" rules and how they impact Schedule K-1 reporting

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxation

Prerequisites

Basic working knowledge of business taxation.

Advanced Preparation

None

Intended Audience

CPAs in public practice and industry seeking an update on the latest tax developments affecting individual taxpayers.

Provider

CPA Crossings, LLC

Register For This Event

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  • ASCPA Non-Member

    $ 139 139
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