Using a combination of humor and examples, we will review tax developments that affect 2014 return preparation and 2014 tax planning for corporate and other business taxpayers. We will also review the major areas of corporate and business taxation to fine tune practitioners for "Tax Season." The course will also contain a segment covering the latest developments affecting the taxation of partnerships. 

The course includes a 600+ page reference manual with each chapter containing basic rules, selected items of interest, 2014 developments, planning ideas, and listings of related IRS Forms and Publications. The manual also includes a Topical Index

Review of corporate and other business income taxation including: 

- 2014 corporate and business tax developments, including a review of new tax legislation. 

- A review of both legislative and non-legislative provisions first effective in 2014. 

- Review of the final capitalization regulations (including planning strategies). 

- A survey of the Affordable Care Act's employer requirements. 

- 2014 developments that may warrant amended returns.  - Important 2014 regulations, court cases, rulings and other important non legislative developments. 

- Status of business tax breaks that expired at the end of 2013.

  - Latest developments involving S corporations and partnerships (including planning ideas). 

- The latest on the section 179 deduction and the section 168(k) bonus depreciation. 

- Update on entity-selection issues (including S/E taxation of LLC members; salaries of S corporation owners; double taxation of "C" corporations, issues involving faulty "S" elections, and the tax consequences of retiring an owner).

 - Latest developments on accounting methods. 

- Independent contractor and payroll tax issues. 

- Review of various fringe benefits.  The course materials include:

- A checklist of developments first effective in 2014.

  - A checklist of 2014 tax developments that may warrant amended returns. 

- Listings of selected IRS Forms and Publications. 

- Examples of selected tax elections.