2013-2014 Two-Day Federal Tax Update
Individual, Business & Corporate

Answers for individuals

Which will pay the new Medicare tax?
What income is taxed and how can the tax be minimized?
Which will pay higher ordinary tax rates and capital gains rates?
How will the various phaseouts be calculated?
Which of our clients are subject to the onerous foreign asset reporting?
How should our clients prepare for the Obamacare individual insurance mandate?
What's changed and what is the IRS targeting in itemized deductions?

Answers for businesses

Should or can our business clients use §179 or bonus depreciation?
What is happening with the repair versus capitalization regulations?
How should our business clients prepare for the Obamacare employer insurance mandate?
Should our business client participate in the voluntary reclassification program for its workers?
What business tax provisions expire at the end of 2013 and what planning is needed?

Answers for entities

Is the S corporation paying reasonable compensation?
Are we maintaining the proper basis documents for our S corporation clients?
How will the new Medicare tax regulations impact our pass through entities?
How is "at risk" calculated for the LLC member's loan guarantees?

Answers for real estate owners

How is the gain from home foreclosure calculated? Is the law changing at the end of 2013?
How and when is cancellation of debt excluded?
How do we defend the real estate professional classification?
How do the revised grouping rules impact our real estate professionals?
Will the real estate professional pay the new Medicare tax on net rental income?

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