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Sid nov6 01

SID KESS / FAE'S BUSINESS AND NY STATE TAX UPDATE

Cost $311.25
CPE Credits 8.0 hours
Subject Area 8.0 - Taxes
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites Experience preparing business tax returns including Forms 1120, 1120-S and 1065.
Advanced Preparation None
Series: NYSSCPA, Taxes
Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly grasp recent tax changes. You'll receive the most complete and up-to-date reference manual, written by renowned tax experts, Sharon Kreider and Karen Brosi. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient.

Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high-energy, often humorous presentation style using real-life experiences, which make complicated tax topics easily understandable. 

HIGHLIGHTS:

New York State:

  • Includes a section updating conformity between Federal tax changes and New York State tax law and a discussion of NY’s extremely successful residency audit program.

Updates:


  • Updates on the latest business tax reform developments

  • Planning ideas and examples implementing business tax reform

  • Changes to depreciation and update on technical corrections to QIP

  • Review of several 2019 clarifications to the QBI deduction including new 2019 Forms 8995 and 8995-A

  • Details on the aggregation election on the individual return and the RPE

  • Changes to the information required on the RPE’s return regarding QBI 

  • Factors for classifying a real estate rental as a “business” for the QBI deduction

  • Updates on payroll tax issues including the new Form 1099-NEC

  • News on hot audit targets for S corporations and LLCs

  • Reminders on the streamlined audit provisions for partnerships and LLCs

  • Decision making on choice of entity after the QBI deduction

  • Review of the section 163(j) rules on interest deductions

  • Updates on ACA and its “employer mandate” including the Cadillac tax

  • Plus what the IRS is planning for 2019 business return examinations


Learning Objectives:


  • Discuss business tax reform developments.

  • Enumerate planning ideas for business tax reform.

  • Convey details of the Affordable Care Act (ACA) “employer mandate."

  • Accurately prepare returns for business taxpayers.

  • Understand and apply the various rules and regulations on the QBI deduction.

  • Identify tax issues and apply regulations related to real estate as a qualified business for the QBI deduction.

  • Identify considerations for selection an entity after enactment of the QBI deduction.

  • Apply the many other business tax changes applicable for 2019 returns (these will be updated throughout the year



Webinar Access:
Your course will be hosted and run by the NYSSCPA using their webinar platform.

You will receive a notification from NYSSCPA prior to the course date with details on how to access your online course.

Karenbrosilogo

Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips. Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life presentations pinpoint critical federal and state tax areas, teaching tax professionals what they need to know to optimally assist their clients. Karen was the recipient of the California CPA Education Foundation 2012-2013 Outstanding Webcast Instructor award.

Linkedin

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education.

Linkedin
Hodgsonruss

Mr. Klein, Chairman of the Firm, concentrates on New York State and New York City tax matters. He has over 35 years of experience with federal, multistate, state, and local taxation. He is the chair of the State and Local Taxation Sec­tion of the ACE Accounting Society. Mark is the editor of New York Tax Highlights, contributing editor of CCH’s Guidebook to New York Taxes, and co-author of CCH’s New York Resi­dency and Allocation Audit Handbook, CCH’s New York Sales and Use Tax Answer Book, and NYSBA’s Contesting New York Tax Assessments. He has been quoted by the Wall Street Journal, New York Times, Associated Press, Miami Herald, and CNBC, and recently appeared on CNN for a live interview on changing your residency. Mark has been admitted in New York (1983), Florida (1983), New Jersey (2019), and before the U.S. Supreme Court.

Additional Materials
Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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The New York State Society of CPAs (NYSSCPA) aims to educate, connect, and grow their membership within the CPA industry.

Since its inception in 1897, CPAs and financial professionals have achieved great success in their careers through their membership program. Member benefits include in-person and online networking opportunities, CPE courses and conferences, over 60 committees with in-depth focuses and specializations, the CPA Journal, other award-winning publications, and much more!