SS727 | On Demand | Update | Self-Study
Annual Tax Update: Corporations & Pass Through Entities
Thursday, March 1, 2018 - Tuesday, April 30, 2019
Be prepared before the tax season starts! Find out about the latest federal tax law changes, court decisions, and IRS pronouncements related to partnerships, LLCs, and C and S Corporations. This CPE course will identify ways to integrate the latest tax law changes into planning and compliance engagements and help you provide more value added services to your clients. With the ever-changing tax laws and their increased complexity, you can't afford to miss this CPE course!
- Identify the new filing deadlines affecting C corporations, partnerships and S Corporations.
- Determine the consolidated group agent under the final regulations.
- Distinguish state and federal tax law regarding dissolution of a corporation.
- Distinguish expansion from acquisition of a new business.
- Identify those provisions subject to extender legislation affecting C corporations, partnerships and S Corporations.
- Recognize the limitations on avoiding corporate gain through the use of partnerships.
- Determine the NOL reduction related to COD income of a consolidated group. ? Recognize the restriction on deductions for the sale of controlled substances ? Determine the effect of extending the research credit ? Indicate the scope and purpose of the New Markets Tax Credit ? Recognize the circumstances where the Work Opportunity Credit applies ? Identify when small employers may be subject to health plan excise taxes ? Recognize the consequences for built-in gain for converted S corporations ? Recognize the effect of community property law on S corporation stock ownership ? Recognize when a Section 754 election results in an accounting method change
- Charles Borek (view bio)
Tax practitioners in public practice and industry who need to stay on top of the latest changes in the federal tax law as they relate to pass-through entities and C Corporations
- Legislative developments, regulations issued, and recent IRS rulings and guidance for the following:
- IRS rulings, procedures and notices for the last year
- Court cases settled in the last year that provide tax return guidance
- IRS administrative issues, compliance, and new forms
- Pass-Through Entities and Passive Activities
- Depreciation and Amortization
- Retirement Plans and Fringe Benefits
- Corporate Income, Deduction, Gains, and Losses
- Accounting Methods and Periods
Mr. Borek practices law and provides consulting services to accounting firms and nonprofit organizations as a principal with the Law Offices of O’,Connor &, Borek, LLC, the firm which he co-founded in 2000. His areas of expertise include taxation of individuals and small businesses, nonprofit law and accounting, and OMB Circular A-133 audits.
Charles has also taught a variety of courses at the University of Baltimore, School of Law and was named Visiting Assistant Professor of Law in 2003. While on the faculty he founded and was director of the University of Baltimore Tax Clinic, which provides free legal assistance to low income taxpayers involved in disputes with the IRS. Prior to joining the law faculty he was an Associate Professor of Accounting and Business Law at Prince George’,s College in Maryland.
He is a frequent lecturer for the American Bar Association, Maryland Institute for CPE of Lawyers and the American Health Lawyers Association. His 2003 book Contract Drafting and Review for the Maryland Lawyer was cited as authoritative guidance by the Court of Special Appeals of Maryland. Charles is a member of the bars of the U.S. Supreme Court, the U.S. Court of Appeals for the Fourth Circuit, the U.S. District Court for the District of Maryland, the U.S. Court of Federal Claims, the U.S. Tax Court, and the Court of Appeals of Maryland. He currently serves as a commissioner on the Howard County (Maryland) Pension Commission.