CNC Annual Tax Update: 163(j) Business Interest Expense Limitation | B1060120

Date :
January 15, 2020 6:00 PM - 9:00 PM
Location :
Central Coast
Facility :
Ventana Grill
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Level of Difficulty :
Update
CPE Credits :
CPE 2.00
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***ONLINE REGISTRATION FOR THIS EVENT HAS CLOSED. PLEASE CONTACT PROGRAM ASSOCIATE KAREN AMESTOY TO REGISTER.  WALK-INS WILL BE ACCEPTED.
KAREN.AMESTOY@CALCPA.ORG 209-485-5526
 
It's that time of year; join Central Coast CalCPA and Enrolled Agents in this comprehensive tax update presented by Mark Seid. The new Business Interest Limitation applies to more than just big businesses. This course will analyze the IRC Section 163(j) limitation new broad definition of interest expense, who the limitation applies to, how the limitation applied in the initial year and how it applies to carryover suspended interest in subsequent years.

Objectives:

Participants will
  • Recognize who the Business Interest Limitation applies to.
  • Identify how to calculate the limitation for the current year and how to deal with carryovers.
  • Determine how to avoid the limitations.

Major Subjects:

Some taxpayers can get out of the limitation - small taxpayers and excepted trades or businesses. The cost of electing to be a excepted business will be demonstrated with examples to show the potential tax impact of the election.

Advanced Prep:

None

Misc. Information:

Please note that the price of this event will increase on 1/15. Please register in advance.
Dinner will be served, please notify Karen.Amestoy@calcpa.org of any dietary requirements.
Level of Difficulty:
Update
Field of Interest:
Taxes
Prerequisites:
Working knowledge of the Tax Cuts and Jobs Act is preferred.
Designed For:
CPAs, EAs, Attorneys, Professional Staff and Financial Professionals.

Instructors

Mark Franklin Seid, CPA, EA
After graduating from Cal Poly – San Luis Obispo Mark accepted employment with the Internal Revenue Service as a field agent in the San Jose District headquarters office. After a few years he moved to the San Luis Obispo post of duty where he completed the full training for general program Revenue Agents. He founded the firm in Paso Robles in 1996 dedicated to serving clients with the knowledge he had obtained spending nearly 10 years at the IRS. In 2000 he passed the examination for non-attorneys to practice before the U.S. Tax Court, a distinction earned by fewer than 300 individuals nationwide. He is uniquely qualified to represent our clients before the various taxing authorities due to his experience and knowledge. He is a member of the National Association of Enrolled Agents, California Society of Enrolled Agents and California Society of Certified Public Accountants. While Mark’s CPA license is issued by the State of California, being an Enrolled Agent allows him to represent clients before any state tax agency in the nation. Most local governments (for example, all California County Tax Assessors) also recognize the Enrolled Agent as a tax expert and have granted representation privileges to enrolled agents. Mark has prepared and filed returns in almost every state in the country. He regularly presents topics on federal taxation, state taxation and tax controversy to EA’s, CPA’s and industry groups.
No Agenda or Materials posted.