Description
Explore an in-depth analysis of this year's key federal and California tax changes impacting C and S corporations, partnerships, estates, trusts, and exempt organizations. We'll break down the latest legislative updates and guidance from the IRS and FTB, highlighting crucial compliance and planning considerations. Stay informed on recent law changes and due diligence practices to ensure you're prepared for the latest developments.
Designed For
Objectives
- Recognize and apply federal and California tax developments affecting corporations, partnerships, estates and trusts, and how these new provisions and interpretations impact planning and compliance for your clients
- Identify the year's significant regulations, IRS and FTB rulings, as well as other administrative guidance on business and estate tax matters
- Describe the most important 2023 court cases addressing business entities, and their relevance to practice
- Identify planning and due diligence learned from recent developments
Highlights
- New law provisions and guidance and tax form changes affecting business entities, tax-exempts and estates and trusts with emphasis on details of relevant energy and research credits, loss limitation and any federal law changes in 2024
- Key cases and IRS and FTB guidance affecting partnerships, LLCs, C corporations, and S corporations
- Employment taxes and worker classification matters
- Accounting method developments
- Tax credits updates—Federal and California
- The state of California and multistate significant developments, including nexus and sourcing
- Expired and expiring provisions
- Inflation-adjusted amounts for 2024
Advanced Prep
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Leaders
Annette Nellen
Annette Nellen, CPA, Esq., is a professor in and director of San José State University's graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, state taxation, employment tax, ethics, tax policy, tax reform, and high technology tax issues. Annette has over 25 years of experience in the area of taxation with emphasis on tax policy and reform for the past 18 years. Annette serves on the AICPA Tax Executive Committee and the AICPA Tax Reform Task Force. She is a past chair of the AICPA Individual Taxation Technical Resource Panel. Annette is a monthly contributor to the AICPA Tax Insider e-newsletter. Annette was the lead author of the AICPA tax policy concept statement #1, Guiding Principles of Good Tax Policy: A Framework for Evaluating Tax Proposals (2001), still in use today. In fall 2013, Annette completed a three-year term on the Executive Committee of the Taxation Section of the California Bar. In November 2013, Annette received the Arthur J. Dixon Memorial Award from the AICPA, the highest honor bestowed by the accounting profession in the area of taxation.
Gregory Kling
Greg teaches full-time both undergraduate and graduate courses in the Marshall School of Business and Leventhal School of Accounting. Greg teaches continuing education classes for the California Society of CPAs and CPA exam review classes for Becker CPA Exam Review. Greg is the update author for Federal Taxes Affecting Real Estate (LexisNexis), a professional publication used by tax professionals worldwide, and is an Editorial Adviser for The Tax Adviser, a monthly magazine published by the American Institute of Certified Public Accountants. During his previous career in public accounting, Greg was in charge of his firm's Accounting Consulting & Tax Group, which provided a wide variety of business services to clients with revenues ranging from $1 million to $50 million. Greg served a diverse group of clients throughout his career -- public and private companies, entrepreneurial and large multi-state businesses, in many different industries. Greg's BS in Business Administration (Accounting emphasis) is from the University of California, Berkeley and his MS in Taxation is from Golden Gate University.