Practitioner's Clinic

• NCPE's "Famous" Practitioner's Tax Helpers
• NCPE's "Famous" Quick Look Federal Tax Data Sheets

(Locate Most Used Tax Facts and Information Quickly)

• Up-to-Date Revenue Rulings, IRS Notices, Hot Topics and

Planning Ideas

• Recent Developments

Small Business Fringe Benefits and Retirement Plans

• Small Business Fringe Benefits (Worksheets)
• How to Utilize the Health Savings Account
• Is It Wise for Small Businesses to Have a Retirement Plan?

The IRS Improving Services for the Tax Pros

• Working with the IRS
• Protecting Your Tax Clients from Identity Theft
• Form 14039 to Report Identity Theft Affidavit
• Form 15227 to Request an Identity Protection PIN
• Scams and Thefts- Dirty Dozen

New and Proposed Legislation

Tax Cuts and Jobs Act (TCJA)

• What Provisions Will be Changed? What Will and Not be Extended?
• How Will The One, Big, Beautiful Bill (OBBB) Impact the TCJA (the Good or Bad News)

The One, Big, Beautiful Bill (OBBB)

• Very Significant Tax Chages 389 Page Draft

Such as:

• New Above -the- Line Deductions For:
• Qualified Tips
• Overtime Pay
• Qualified Passenger Automobile Interest
• Bonus Depreciation of 100%
• Taxation of Social Security
• Payroll- Changes about Overtime and Tips



Much, Much More!

Changing Equity Types

- Converting Schedule C to Corporations (C or S)

• Converting C Corporation to S Corporation
• Re-Evaluating the Choice of Entity Decision
• Converting an Existing Entity to an LLC

Basis of S Corporation

• Stock Basis
• Debt Basis Including Open Account Debt
• Form 7203

Advanced Partnership Issues

• Contribution of Assets and Debts in Partnership Formation
• Gain Recognized When Forming a Partnership
• Special Allocations Under Section 704(c)

Small Business Issues- A Don't Miss Section

• Will BOI Reporting Re-Appear?
• Do You Provide Tax-Free Meals and Lodgings to Your Employees?
• Section 530 Safe Harbor Relief Requirement Changed
• Quick Penalty Relief

Advances S Corporation Issues

• Built-In Gains Tax
• AAA
• Ordering Rules
• AAA When Changing to/from S Status
• AAA When Ownership Changes

Advanced C Corporation Issues

• Personal Holding Company Tax
• Personal Service Corporation

S Corporations

• The Impact of the One, Big, Beautiful Bill on the S Corporation Decision
• How to Use QSUBs in Your Business Planning
• Are you Making the Right Decision Concerning Heath Insurance and Fringes Benefits for Employees and 2% or Greater Shareholders?
• Reasonable Wage Issues



Ethics

• How Ethical Do We Need to Be?
• It is All About Due Diligence
• How Does Circular 230 Affect Practitioners?
• What are Your Preparer Responsibilities?

Partnerships

• What Happens Where There is Only One LLC Member or One Partner is Active, After the LLC or Partnership Interest are Sold?
• Can a Partner be Issued a W-2?
• Limited Liability Company Elections
• What are Guaranteed Payments?

And Much, Much More!

Recent Cases and Other Business Issues

• Cases Involving the Business Focus
• IRS Rulings and Other Pronouncements

And Much, Much More!

2025 Dates and Cities (Changes to Saddlebrook and Atlantic City)

Live Webinar will be September 4 & 5

Recorded Webinar will be available September 10

(Credits need to be in by December 31)