Federal Tax Updates: Business Entities - IRS Procedure and Tax Legislation (Video) (Course Id 2765)

• Who is this course for?
  This course is designed for corporate tax and finance executives, directors, managers, CPAs, CAs, Enrolled Agents, accountants, attorneys, and business/financial advisors who work with and advise businesses on tax-related matters.

• What is this course about or what problem does this course solve?
  The course addresses the latest developments in federal tax legislation and IRS procedures that impact business entities, equipping professionals with updates on court decisions, IRS publications, and key legislative provisions.

• How can the knowledge from this course be used?
  Participants can apply the knowledge to understand recent tax law changes, navigate IRS procedures, and advise clients or their businesses more effectively on tax planning and compliance.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Staying current with seismic changes in tax law, court decisions, and IRS rules is critical for CPAs, accountants, and IRS Enrolled Agents to ensure accurate and compliant tax practices for their clients or organizations.

• When is this course relevant or timely?
  This course is especially relevant now due to ongoing legislative changes and new IRS guidance in 2026 that significantly affect business taxation.

• How is a course like this consumed or used?
  The course is consumed as a self-study video format, requiring participants to review the material and pass a final exam with a score of at least 70% to earn 2 CPE and 2 IRS credits.

Seismic changes in tax legislation is currently taking place, and the well-informed tax practitioner will want to attend this program in order to stay abreast of these developments.  This program will cover new court decisions, recent IRS publications, and the One Big Beautiful Bill provisions that will impact businesses.  This course will provide a concise look at the hottest topics affecting every tax practitioner. 

Who should Attend:  This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.  All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Program Content:

• Current tax issues affecting business entities.
• One Big Beautiful Bill Provisions that affect businesses.
  • Excess Business Losses
  • Section 199A Qualified Business Income Deduction
  • Section 174 R&D Expenditure
  • Business Interest Deduction
  • Bonus Depreciation
  • Section 179
  • Employer Day Care Credits
  • Family Medical Leave Credits
  • Charitable Contributions
  • Qualified Opportunity Zone
  • Employee Retention Credits
  • Section 1202 Small Business Stock
  • International Provisions
  • Tax Exempt Organizations
  • Planning ideas in light of the OBBB provisions

• New developments affecting the IRS procedure, current cases, payroll, and other federal tax issues.

Video - NASBA QAS - NASBA Registry - IRS Enrolled Agents - Registered Tax Return Preparers - 2765

Course Learning Objectives

• Understand the newest tax developments and changes to the Internal Revenue Code
• Learn effective and efficient techniques for implementing new standards
• Become familiar with recent court cases and Treasury publications affecting business entities.
• Acquire a working knowledge of recent changes to IRS procedure.
• Become conversant of recently issued tax court opinions and their implications to taxpayers.
• Know the status of upcoming tax legislation and how it might affect clients.

Chapter 1 - Federal Tax Updates: Business Entities - IRS Procedure and Tax Legislation

Chapter 1 Review Questions

Glossary