FEDERAL BUSINESS TAX UPDATE
4 CPE* Credits $47 LIVE Zoom WEBINAR
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Overview:
Cover the major Federal business, S-corporation and partnership tax issues and updates, including the Secure Act 2.0, business and green incentives from the Inflation Reduction Act, Federal commercial green vehicle credits, Federal alternative fuel vehicle refueling property credit, Federal solar credits for businesses, tax credit transfers, energy efficient commercial building deduction, credit for builders of energy-efficient homes, business tax credits including the work opportunity tax credit, empowerment zone employer credit, new markets credit, research and development credits, small business health care credit, retirement plan credit, family leave credit, alternative energy credit and biodiesel income tax credit, the minor changes (with significant implications) to Schedule K-1, K-2, K-3’s from both Partnerships and S-Corporations, employee retention tax, at-risk basis and passive activities, S-corporation and partnership compensation issues along with personal expenses and health insurance paid by these entities, partnership tax considerations related to guaranteed payments and self-employment taxes, IRS audit outlook with an analysis of future audit areas and how to prepare, the latest allowable tax deductions and credits based on 2022 vs. 2023 with inflation adjustment information, major IRS Notices, and related IRS developments.
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Includes: Full pdf copy of the PowerPoint presented and ability to re-watch the seminar until October 31, 2024 (next year).
CPE cannot be earned for re-watching the seminar video.
To earn CPE* credits, attendance during the live presentation required.
Dates of Program
Friday, December 8, 2023 10:30 am cst
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YOU DO NOT NEED TO BE A CPA, EA or TAX PRO TO TAKE THIS COURSE.
This will benefit anyone interested in staying up to date with this subject.
Credits*
4
Cost
$47
Qualifies for
CPE/CE
Prerequisite
Experience with
business clients
Level
Update
Format
LIVE Webcast
via Zoom
Designed for
CPAs/EAs
Attendance
Required to Receive CPE
Field of Study
Taxes
Author
Joshua Jenson CPA
Delivery Method
Group Internet Based
Material Date
Up to date of seminar
Advance Prep
None
Course #
FBTU23
*State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
*This CPE Sponsor Does NOT have a NASBA# but meets all AICPA CPE Standards to qualify for CPE. See Disclosures below.
*NO SEPARATE STATE SPONSOR ID FOR THESE STATES.
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This CE program sponsor IRS provider number is YWTHG under the Organization name of JJ the CPA, PLLC.
CLICK HERE for more information on this sponsor for EA purposes.
Materials Provided​
After signing up and paying for the seminar, you will receive an email with the seminar's Zoom link as well as a link to a private webpage that will contain the course materials.
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Zoom link to the seminar emailed to you immediately after signing up and paying.
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Seminar slides in pdf format. 15 minutes before the start of the seminar, a link will be added to the webpage to download your copy. You will receive a link to that private webpage immediately upon signing up and paying for the course.
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Link to re-watch the seminar until October 31, 2024 (next year), provided 48 hours after the seminar ends. NO CPE can be earned by re-watching the video. You must attend live to receive CPE credit.
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Major Topics
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Federal Tax issues related to S-Corporations (Form 1120-S) and Partnerships (Form 1065)
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Tax affects to individuals who own flow-thru entities; S-Corporations and Partnerships
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Federal business tax issues with the latest IRS developments affecting businesses
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Inflation Reduction Act & Secure Act 2.0
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What’s new in 2023
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GREEN ENERGY TAX INCENTIVES
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Federal green commercial vehicle tax credits
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Alternative fuel vehicle refueling property credit
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Federal solar tax credits for businesses
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Tax credit transfers
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Energy efficient commercial building deduction
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Credit for Builders of Energy-Efficient Homes
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BUSINESS TAX CREDITS
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Work opportunity credit
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Empowerment zone employer credit
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New markets credit
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Research & development (R&D) credit
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R&D credit coupled with IRC Section 174
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Small business health care credit
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Family leave credit
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Alternative energy credit
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Biodiesel income tax credit
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EMPLOYEE RETENTION CREDIT (ERC): UPDATE ONLY ON THE LATEST FROM THE IRS
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Material participation defined for business owners
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PARTNERSHIPS
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Major, general tax factors to consider
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Partner W-2 wages?
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Guaranteed payments vs. distributions
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Self-Employment earnings
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Partner’s personal expenses paid by partnership
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Partner health, dental, vision & LTC
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Schedule K-2 & K-3 for partnerships
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Share of liabilities tax and audit considerations
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Partnership ”Bottom Dollar Guarantees”
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Partnership representative
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S-CORPORATION MATTERS
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Social security taxes adjustments
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IRS S-corporation acceptance letter language
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Shareholder wages vs. distributions
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Reasonable compensation vs. distributions
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The mechanics and triangulation of shareholder wages, distributions and net ordinary income
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More than 2% shareholder health, dental, vision and long-term care insurance
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Shareholder personal expenses paid by the S-corporation
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Schedule K-2 & K-3 for S-corporations
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Learning Objectives
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Learn what tax laws have changed with these topics
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Learn to better understand recent tax law changes of these topics and how they may apply to you or your client's circumstances
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Learn more about these topics to better serve your clients with expanded and up-to-date information
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Learn of the effective dates of law changes
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Learn what is projected as future hot areas of potential IRS audits
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Prerequisites
Participants should be familiar with Federal tax issues for various entities
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Advanced Preparation
None
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Technology Requirement
Access and ability to watch a live Zoom broadcast.
Zoom has a free version. To set up your Zoom account, CLICK HERE. To be re-directed to the Zoom website for more information, CLICK HERE
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IRS Enrolled Agents
The CE seminars are registered with the IRS, and will qualify as CE for Enrolled Agents. This CE program sponsor IRS provider number is YWTHG under the Organization name of JJ the CPA, PLLC. You must timely submit your attendance form with PTIN. CLICK HERE​ for further IRS information for Enrolled Agents CPE.
When will I get my CPE* certificate of completion?
Within 3 business days of you providing the required words to help@jjthecpacpe.com. This is a live format, and requires your attendance during the time designated. CLICK HERE for more information.
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What if You Don't Need CPE*
You do NOT need to be a CPA, EA or tax professional to attend this seminar. It is open to the public. If you don't need to earn CPE*, then the below does not apply to you.
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AICPA CPE* Requirements
This CPE provider is NOT registered with NASBA at this time. This CPE program sponsor has prepared and will present this course in accordance with The Statement of Standards for Continuing Professional Education (CPE*) Programs jointly issued by the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA). CLICK HERE for a copy of these Standards.
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NASBA Disclosure
This CPE program sponsor is NOT registered with the National Associate of State Boards of Accountancy (NASBA) at this time. CPE program sponsors are not required to be registered with NASBA to provide qualifying CPE. CPE credit can qualify as such for CPAs provided that the AICPA and NASBA standards (aforementioned) are followed. CLICK HERE for a list of all 50 states with a link to its CPE requirements to review your state CPE requirements.
Your State CPE Requirements
State boards of accountancy have final authority on the acceptance of individual courses for CPE* credit. CLICK HERE for a list of all 50 states with a link to each states CPE requirements for CPAs. Review your states CPA CPE requirements. Some states require your provide the CPE program sponsors "state" ID. This CPE Program sponsor does not have any specific state IDs at this time. This CPE program sponsor has no separate state ID number for Illinois, New York, New Jersey, Ohio, Texas or Pennsylvania.
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Licensed CPAs in Illinois, New York, New Jersey, Ohio, Texas, Pennsylvania
NO SEPARATE STATE SPONSOR ID FOR THESE STATES IS AVAILABLE AT THIS TIME WITH THIS CPE PROGRAM SPONSOR
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Can Attorneys, Insurance Agents or CFPs Obtain CLE/CE Credit?
No. None of these courses provide CLE for attorneys, CE for Insurance Professionals or CE for Certified Financial Planners
FEDERAL BUSINESS TAX UPDATE
4 hours CPE*
LIVE ZOOM
Price $47.00
Dates of Program
Friday, December 8, 2023 10:30 am cst

Live Attendance is Required to Earn CPE* Credits for this Course
You will NOT receive CPE credit for re-watching the seminar video. You will be able to re-watch the seminar October 31, 2024 (next year), however, you will ONLY be able to receive CPE credits for your LIVE attendance to this seminar during the designated time. The seminar will not be available to watch until 48 hours after the end of the seminar.
Format to prove your attendance
A series of words will be shared randomly through out the seminar. You will submit those words on the Attendance Form (provided with your course materials) by email within 48 hours after the end of the seminar to prove your attendance. You must present by email 70% of the words for each hour, for that hour of CPE to be earned. Email the Attendance Form with the provided words to help@jjthecpacpe.com. Failure to submit these words within 48 hours will result in the forfeiture of earning any CPE for the seminar. There will be no refunds for your non-attendance or failure to submit the words timely. It will be made extremely clear the word being shared, is to prove your attendance.
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Need a Free Zoom Account?
CLICK HERE to be redirected to Zoom to setup your free account. An account can be created within minutes. It's easy, quick and requires no credit card.
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Refund policy, complaints, or cancellation policies
THERE ARE NO REFUNDS.
CLICK HERE for refund policy details and additional related details.
Please contact us
By email help@jjthecpacpe.com
By phone at 405-715-1556
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EACH HOUR OF CPE* CREDIT
Fifty minutes of participation in a program of learning equals one CPE credit. This course will be fifty minutes long multiplied by the number of CPE credits listed for this course.
CPE INSTRUCTOR & AUTHOR:
JOSHUA JENSON, CPA
aka JJ THE CPA
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JJ has over 31 years of public accounting experience in the area of tax, specializing in LLC, partnership, S corporation, and related individual tax matters. He still practices in the trenches in the CPA firm he founded over 26 years ago.
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Joshua Jenson is a licensed CPA in Oklahoma and Texas and a member of the American Institute of CPAs and Oklahoma Society of CPAs.
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JJ THE CPA has traveled to over 60 cities, presenting tax courses to thousands of fellow CPAs, EAs and fellow Tax Pros covering the latest tax laws and strategies.
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JJ the CPA has over 93,000 SUBSCRIBERS and over 7.5 million views on his YouTube channel “JJ THE CPA,” and is heavily represented on social media, with daily postings, including daily videos released on everything dealing with money.
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JJ has authored 2 books available on Amazon.
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Joshua has served as the past Chairperson of the OSCPA Educational Foundation and was named CPA of the year in Oklahoma City by his CPA peers.
Joshua is a 1993 graduate of Abilene Christian University where he earned is accounting degree.
Administrative Policies
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CPE Record Retention Policy
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Refund Policy
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Program Cancellation Policy
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Complaint Resolution Policy
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Course Update Policy
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Additional General FAQs
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Content Development Policies
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CLICK HERE for additional
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