Federal tax update plus comparison of Estate Tax changes made by New Jersey and New York.
BENEFITS
Earn 4 CPE credits in TX.
HIGHLIGHTS
The lecture will include discussion of the following topics:
- Rev. Proc. 2016-47, 2016-37 IRB , 08/24/2016. Self-certification procedure for waiver of 60 day IRA rollover requirement.
- Code Sec. 2704 Proposed Regs. Fed. Reg. Vol. 81, No. 150, p. 51413 Proposed Regs affecting Valuation of Family Businesses
- TD 9766 (5/13/16) Members of a partnership are not employees of the partnership, even if they devote time to the partnership’s trade or business or provide services to the partnership as an independent contractor.
- CCA 201637012, (May 20, 2016) Penalty abatement sustained for mentally incapacitated taxpayer, notwithstanding that Taxpayer had executed a durable power of attorney.
Scott Singer Installations, Inc., TC Memo 2016-161, S corporation’s payments of sole shareholder-employee personal expenses deemed repayment of loans made by him to corporation; there were no promissory notes between Mr. Singer and his corporation; no interest charged, and there were no maturity dates imposed regarding the loans.
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
$14 late fee will be applied after 01/11. Season Pass holders must register for each event.
For handouts, please visit your My Events page and bring your laptop or tablet (WIFI and charging stations available).
Handouts are added as received - remember to check back for updates.