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FEDERAL BUSINESS TAX UPDATE

3 CPE* Credits  $97  LIVE Zoom WEBINAR

 

Overview:  

This covers Federal business tax issues with the latest IRS developments affecting businesses, Inflation Reduction Act, what’s new in 2022, maxing out retirement, prior tax laws suspended now in play, properly accounting for QBI activities and related wages, the expanded information required on Schedule K-1, K-2, K-3s from Partnerships and S-Corporations, tax traps with more than one activity with at-risk basis and passive activities, the fine details of qualified improvement property (QIP), real estate depreciation, work opportunity tax credit, S-Corporation compensation issues under the rug, accountable plans, properly accounting for the major stimulus including the retroactive ERTC on Form 941-X, reporting tax credits, Cares act tax credits still available, tax-exempt income from PPP loan forgiveness and narrowing your scope of services related to PPP loan forgiveness.

Includes:  Full pdf copy of the PowerPoint presented and ability to re-watch the seminar for 30 days. 

CPE cannot be earned for re-watching the seminar video. 

To earn CPE credits, attendance during the live presentation required.

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Dates of Program

Wednesday, November 2, 2022 @ 11:00 am cst

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*

3

Cost

$97

Qualifies for

CPE*

Prerequisite

Experience with

business clients

Level

Update

Format

LIVE Webcast

via Zoom

Designed for

CPAs*

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 #

FBTU22

*State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

CLICK HERE for all 50 states CPA CPE requirements.

*CPAs LICENSED IN NEW YORK, JEW JERSEY, TEXAS, OHIO, ILLINOIS & PENNSYLVANIA

NO SEPARATE STATE SPONSOR ID FOR THESE STATES. Available in 2022.

*ENROLLED AGENTS:  This CPE seminar is NOT registered with the IRS.  Available in 2022.

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.   

  • Zoom link to the seminar emailed to you immediately after signing up and paying.

  • Seminar slides in pdf format.  30 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.

  • Link to re-watch the seminar for 30 days, 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.

Major Topics

  • Federal Tax issues related to S-Corporations (Form 1120-S) and Partnerships (Form 1065)

  • Tax affects to individuals who own flow-thru entities; S-Corporations and Partnerships

  • Federal business tax issues with the latest IRS developments affecting businesses

  • Inflation Reduction Act

  • What’s new in 2022

  • Maxing out retirement

  • Prior tax laws suspended now in play

  • Properly accounting for QBI activities and related wages

  • The expanded information required on Schedule K-1, K-2, K-3s from 1120S & 1065

  • Tax traps with more than one activity with at-risk basis and passive activities

  • The fine details of qualified improvement property (QIP)

  • Real estate depreciation, work opportunity tax credit

  • S-Corporation compensation issues under the rug

  • Accountable plans

  • Properly accounting for the major stimulus including the retroactive ERTC on Form 941-X, reporting tax credits, Cares act tax credits still available, tax-exempt income from PPP loan forgiveness and narrowing your scope of services related to PPP loan forgiveness.

Learning Objectives

  • Learn what tax laws have changed with these topics

  • Learn to better understand recent tax law changes of these topics and how they may apply to you or your client's circumstances

  • Learn more about these topics to better serve your clients with expanded and up-to-date information

  • Learn of the effective dates of law changes

  • Learn what is projected as future hot areas of potential IRS audits

Prerequisites

Participants should be familiar with Federal tax issues for various entities

Advanced Preparation

None

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

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.

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.

AICPA CPE Requirements

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).  This CPE provider is NOT registered with NASBA at this time.  CLICK HERE for a copy of these Standards.

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.

IRS Enrolled Agents

This CPE seminar is NOT registered with the IRS, and therefore would not qualify as CPE for Enrolled Agents requiring IRS registration.  That will be available in 2022, after it is announced.  CLICK HERE for further IRS information for Enrolled Agents CPE.

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

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

3 hours CPE*

LIVE ZOOM

Price $97.00

Live Attendance is Required to Earn CPE Credits for this Course

You will be able to re-watch the seminar for 30 days, 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. 

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.  

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

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.

Dates of Program

Wednesday, November 2, 2022 @ 11:00 am cst

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CPE INSTRUCTOR & AUTHOR:

JOSHUA JENSON, CPA

aka JJ THE CPA

JJ has over 28 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 24 years ago.

Joshua Jenson is a licensed CPA in Oklahoma and Texas, licensed in all 50 states with the IRS and a member of the American Institute of CPAs and Oklahoma Society of CPAs. 

JJ THE CPA has traveled to over 50 cities, presenting tax courses to thousands of fellow CPAs, EAs and fellow Tax Pros covering the latest tax laws and strategies.

JJ the CPA has over 75,000 SUBSCRIBERS and over 6.2 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. 

JJ has authored 2 books available on Amazon.

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

CPE Record Retention Policy

CLICK HERE

Refund Policy

CLICK HERE

Program Cancellation Policy

CLICK HERE

Complaint Resolution Policy

CLICK HERE

Course Update Policy

CLICK HERE

Additional General FAQs

CLICK HERE

Content Development Policies

CLICK HERE 

CLICK HERE for additional

FAQ's

FREQUENTLY ASKED QUESTIONS

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