CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

2023 Federal Tax Update (Business Edition)

10 Credits: Taxes

Original price was: $280.00.Current price is: $238.00.

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2023 Federal Tax Update (Business Edition)

Format
Self-Study
Course Level
Update
CPE Credits

10 Credits: Taxes

Course Description

America’s #1 Federal Tax Update – Business edition is focused on combining the real-life experience of practicing CPAs with all the latest legislative developments enabling participants to quickly understand and implement tax reform changes for their client’s Individual preparations. Western CPE provides you the essential knowledge by reviewing IRS, Congressional, and Judicial actions over the past year in a high-energy, often humorous presentation style. By using real-life experiences to break down complicated tax topics, Western CPE’s Federal Tax Update proves you can get smart explanations without dying of boredom or getting lost in overly-complicated explanations. You’ll receive the most complete and up-to-date reference manual, written by our renowned tax experts including Western CPE’s very own Sharon Kreider. In addition, 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.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify characteristics of new legislation which impacts businesses; and
  • Cite rules and timing for excess business loss limits; and
  • Cite rules and regulations related to Form 1099-K for third party settlement organizations; and
  • Cite thresholds and limitations in effect for 2023 for businesses; and
  • Cite general rules and regulations for preparation of business returns; and
  • Identify expiring provision and changes; and
  • Cite details and identify new legislation including CARES, IRA, ARPA, ACA, BBA, and CAA2021; and
  • Identify opportunities to use business credits; and
  • Identify implications of new legislation for tax returns; and
  • Cite the general rules and regulations related to payroll and payroll taxes; and
  • Cite provisions of ARPA and CAA2021 and other new legislation; and
  • Identify important elements of Sick Pay and Family Leave Credits; and
  • Identify Employee Retention Credit rules and regulations; and
  • Cite E-file requirements; and
  • Cite rules related to Trust Fund responsibilities and consequences of failure to pay; and
  • Cite the rules and amounts of late filing penalties; and
  • Identify the uses of Form 7203 and when it is required; and
  • Cite S Corporation rules and regulations for S Corporations and their shareholders; and
  • Identify situations that impact S Corporation shareholders’ basis; and
  • Cite IRS audit rates; and
  • Identify pros and cons of various entity choices in different situations; and
  • Cite rules and regulations or the Section 199A QBI deduction; and
  • Cite rules and regulations related to partnerships including issues related to partnership audits and the new rules; and
  • Identify the impact on tax clients for the new Pass-Through Entity Tax (PTET) credits and which states have such legislation; and
  • Cite important deadlines related to partnership filings and partner notifications; and
  • Identify changes to the partnership filing forms and schedules; and
  • Cite details about IRS operations, form filing and submission options, and the new Tax Pro Account; and
  • Identify the impact of new legislation such as The Taxpayer’s First Act the 2022 Consolidated Appropriations Act, American Rescue Plan Act (ARPA), and other proposed legislation.
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Course Specifics

Course ID
23FTU-Business-SS
Revision Date
November 1, 2023
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02381-23-S
IRS Federal Tax Update Credits: 10
CFP Provider Number: 3199
CFP Course Number: 320818
CFP Credits: 19.5
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1948
CTEC Federal Tax Update Credits: 10

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Mark Seid Headshot

Mark Seid, EA, CPA has over 25 years of experience in field of taxation focused on tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.

Sharon Kreider Headshot

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 …