Infocasts to Focus on S Corp Tax Development


The AICPA will present a live, interactive S corporation tax update today covering recent changes CPAs will need to be able to communicate to 2008 S corporation clients and to prepare their returns. The program, scheduled for 1 p.m. to 3 p.m. ET, will focus on recent regulatory, administrative, judicial and legislative changes including:

  • The new S corporation penalty provision (Section 6699) for late-filed returns
  • Revenue Ruling 2008-42 dealing with AAA and life insurance premiums
  • Revenue Ruling 2008-16 and charitable contributions
  • Notice 2008-1 and medical insurance premiums for sole shareholder S corporations
  • Restructuring issues during economic hard times
  • Final regulations on divorce and suspended losses
  • Open Account Debt regulations
  • 2008 tax planning with Section 179, 0% capital gains and kiddie tax
  • Pre-2008 tax legislation taking effect in 2008—including the 2007 Small Business Act


Stewart Karlinsky, professor emeritus at San Jose State University and executive director of the San Jose State University Tax Policy Institute, is the speaker for the infocast. Participation in the session is free. Fees apply only for participants seeking CPE credit. Click here for information.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.