Stay ahead of critical tax changes and IRS procedural updates impacting businesses with this essential course. Federal tax law is constantly evolving, and a firm grasp of the latest regulations and IRS practices is vital for accurate compliance and strategic financial planning.

Led by an expert with extensive experience in Big Four firms, corporate tax departments, and academia, this course delves into the nuances of recent legislative amendments and their practical applications. You'll gain clarity on complex topics, ensuring your business is prepared for current and future tax landscapes.

Key learning outcomes include:

• Understanding the general business provisions of OBBB (Omnibus Budget Reconciliation Bill) and their impact, including permanent extensions to excess business loss limitations, updates to QUBID (Qualified Business Income Deduction), and changes to R&D expenditures.
• Navigating critical depreciation and expense rules, such as the reinstatement of 100% bonus depreciation and increased Section 179 deduction limits.
• Exploring significant changes to corporate charitable contributions, executive compensation, and tax-exempt entity regulations.
• Grasping the revamped Qualified Opportunity Zone program and its implications for investment.
• Discovering the latest IRS procedural improvements, including enhanced online services, updated tax form accessibility, and expanded features for the business tax account.
• Analyzing the IRS's efforts to address the tax gap, including underreporting, underpayment, and non-filer issues.
• Reviewing amendments to international tax provisions, including excise taxes on imported goods, foreign tax credit adjustments, and BEAT (Base Erosion and Anti-abuse Tax) developments.
• Identifying key business opportunities arising from new tax provisions, such as the potential benefits of pass-through entity treatment and optimized compensation structures.
• Gaining insight into provisions that were proposed but dropped from the OBBB, offering foresight into potential future legislative discussions.

Equip yourself with the knowledge to strategically manage your business's tax obligations and leverage new opportunities in a dynamic regulatory environment.