Event Details
This no-frills course has been designed to review all changes affecting for-profit taxpayers, combining the individual update with the business update without all of the planning and compliance discussion available in the more specialized updates. Just the facts without the frills! Updated throughout the year for up-to-the-minute rule changes and court cases, the FTU-Ind/Bus course will keep your attendee in the loop for the latest changes.
Upon the completion of this course, you will be able to-Apply the latest tax law changes to the current Form 1040/1120/1120S/1065 tax returns you prepare; Properly use many federal tax provisions prior to their expiration date; Determine if your clients had job related business expenses; Determine if your clients had any work related education expenses; Summarize the various methods of accounting that are available; Advise clients on how to properly account for inventory; Determine when a change in accounting method has occurred, when IRS approval is needed and when it is not needed, and what situations qualify for automatic approval.
- Prerequisites: 1 year tax preparation experience
- Hours: 8
- Field of Study: Taxes - 8
- Course Level: Update
- IRS Number: DBWVH-U-00145-23-O
Early Registration Deadline: November 2, 2023