26 More Tax-Cutting Moves for Small Businesses and Their Owners

CATEGORY: Taxation

COURSE ID: CLSUMB, VERSION 3.00

(85)

Online & Mobile

5 CPE Credits

Level: Intermediate

26 More Tax-Cutting Moves for Small Businesses and Their Owners covers some of the best tax-reduction strategies available to small business entities and their owners. Strategies for sole proprietorships, partnerships, LLCs, corporations, and real estate investors are included. Strategies are explained in plain English with plenty of examples. This course will help you find more ways to save taxes for your small business clients and help you to implement the necessary tax-planning steps. This course benefits CPAs new to federal taxation of small business entities and their owners. This course offers the most benefits to CPAs with limited exposure to the federal taxation of small business entities and their owners.

5 Credits

$89.00

Online & Mobile

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Tax-Smart Strategies for Investment Real Estate Owners
1. Strategy No. 1: Optimizing Tax Savings from Rental Property Losses
2. Strategy No. 2: Planning to Avoid PAL Rules for Rental Real Estate Losses
3. Strategy No. 3: Depreciating Commercial Real Estate QIP under Regular MACRS Rules Instead of Claiming First-Year Depreciation Write-Offs
4. Strategy No. 4: Taking Advantage of QBI Deduction Safe-Harbor Rule for Rental Real Estate
5. Strategy No. 5: Using Single-Member LLCs and Qualified Subchapter S Subsidiaries as Real Estate Ownership Vehicles
6. Strategy No. 6: Using S Corp Developer Entity to Lock in Capital Gain Treatment for Land Appreciation
7. Strategy No. 7: Converting a Personal Residence into a Rental Property
8. Strategy No. 8: Combining Section 121 Principal Residence Gain Exclusion with Section 1031 Tax-Deferred Exchange
Tax-Smart Strategies for Divorcing Small Business Owners
1. Strategy No. 8: Transferring Assets, Including Business Ownership Interests, in Divorce
2. Strategy No. 9: Arranging for Tax-Smart Divorce-Related Redemptions of Closely-Held Stock
3. Strategy No. 10: Arranging for Tax-Smart Divisions of Retirement Assets Held in Taxable Accounts
4. Strategy No. 11: Using Tax-Smart Asset Transfers to Offset Lost Alimony Deductions
5. Strategy No. 11: Dividing up Qualified Retirement Plan Accounts the Tax-Smart Way
6. Strategy No. 12: Dividing up IRAs, Including SEP-IRAs and SIMPLE IRAs, the Tax-Smart Way
More Tax-Saving Strategies for Small Business Clients
1. Strategy No. 13: Taking Advantage of SECURE Act Changes Benefitting Small Businesses
2. Strategy No. 14: Planning for SECURE Act 2.0 Changes Affecting Small Businesses
3. Strategy No. 15: Understanding the QBI Deduction
4. Strategy No. 16: Planning to Maximize QBI Deductions
5. Strategy No. 17: Deducting Business Startup Expenses
6. Strategy No. 18: Setting up Tax-Smart Buy-Sell Agreements for Co-Owned Businesses
7. Strategy No. 19: Include Tax-Smart Provisions in Buy-Sell Agreements
8. Strategy No. 20: Tax Planning with Noncompete Agreements
9. Strategy No. 21: Meeting Placed-in-Service Requirement to Lock in Depreciation Deductions
10. Strategy No. 22: Making Valid Section 179 Elections to Lock in Deductions
11. Strategy No. 23: Maximizing Deductions for Business-Related Entertainment and Meal Expenses
12. Strategy No. 24: 100% Deductions Are Available for Certain Business-Related Meal and Entertainment Expenses
13. Strategy No. 25: Deducting Business Travel Costs
14. Strategy No. 26: Claim Partial Business Travel Write-Offs When Loopholes Are Closed

26 More Tax-Cutting Moves for Small Businesses and Their Owners

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