2022 Business Federal Tax Update (Half-Day Webinar) (Completed)

Date: Friday, December 2, 2022
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC
4 hours Federal Tax Related for OTRPs

If last year was action packed, this year promises to be even more so. Join expert Greg White, as he provides an update on the most recent changes affecting businesses that you’ll need to navigate through the maze of tax legislation.

Topics Covered

  • Important new cases
  • Change in deducting research expenses (including software development costs)
  • An important new trend is afoot: Courts are invalidating IRS guidance in case after case. We'll talk about the ramifications on your practice
  • How do you "catch up" on depreciation that you missed? If you didn't allocate part of the purchase of rental real estate to personal property and land improvements (both of which are bonus eligible), we'll cover important new IRS guidance that tells you how to take a big tax deduction on clients' 2022 tax returns. You can use this to fix mistakes made many years ago (the statute of limitations doesn't apply to this area)
  • Legislative developments, including The Inflation Reduction Act, and the SECURE Act 2.0
    • Extension of the excess business loss limit (§461(l))
    • The corporate minimum tax
    • Commercial solar credit. Can you get the credit for solar panels on your rental duplex? We'll cover this
    • What proposed changes didn't make it into the final law
  • What is the IRS going to do with the $80 billion extra funding it will receive? We'll cover the details
  • Which mistakes S corporations are making that terminate their S status
  • Much more

Learning Objectives

  • Identify important 2022 cases
  • Recognize and apply legislative developments
  • Identify important business provisions in the Inflation Reduction Act
  • Review administrative releases
  • Recognize and apply new legal developments to you practice


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation

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