Business Tax Update & Recent Developments - Fall 2024

Overview

This program provides an update to the latest tax developments, rules and regulations affecting business taxpayers, including a review and integration of 2023-24 legislation.  

**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 kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of business taxation

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments

Highlights

• Update on significant 2023-24 business tax developments related to cases and rulings
• Review of recent business tax provisions and legislation
• Depreciation changes in Section 179 and Sec. 168(k) bonus depreciation
• Tax issues impacting “gig” workers, including Form 1099-K
• The Schedules K-2 and K-3 of Forms 1065 and 1120S related to foreign transactions