New Legislation: Federal Tax Legislation enacted in late 2013 and in 2014
Rulings and Cases: September 2013 through August 2014 issues under review by the IRS and the courts
Individual Taxpayer Issues: Tax issues for parents of disabled children, Hobbies, Dealing with identity theft, and Portability of estate tax exemption equivalent
Tax Practice: Working with incomplete records, Pros and cons of extending statute of limitations, Audit triggers, Power of attorney issues, and Reporting tax practitioner misconduct
Affordable Care Act: What is the tax practitioner's role in implementing the individual mandate and the employer's mandate for health insurance under the Affordable Care Act?
Business Entities: Comparing the choices of treating a single member LLC as a disregarded entity or an S Corporation: making the S election, need for adequate compensation, gifting shares to family members, and terminating the S election
Business Issues: Uniform Capitalization rules under Section 263A, Per diem rules, Automobiles, Amending and making late elections, Startup expenses, Correcting depreciation errors, and Methods of accounting
Agricultural and Natural Resources: Allocating crop insurance payment between crop loss and revenue loss, Christmas trees, Water issues, Ethanol credits and carry forwards, Material participation, and Lease v. purchase of farm assets
Net Investment Income Tax: The rules for the NIIT including reporting net investment income to and from Schedules K-1
Retirement: Common retirement issues including: myRA accounts, Inherited IRAs, IRA rollover tax law changes, Taxable social security benefits, and One-participant 401(k) plans
Form 4797: IRC Section 1231 treatment, Casualty gains and losses, Depreciation recapture, Installment sales, and Recapture of IRC Section 179 deductions
IRS Issues: Employment tax issues, Audit reconsideration, and Collection issues
Repair and Capitalization Regulations: How the repair and capitalization regulations affect small and large businesses differently. When Form 3115 is not required for changes made by small businesses, Rental Property, and why does a "unit of property" matter?
Fiduciary Tax Issues: Income tax rules for estates. Income distribution, Income in respect of a decedent, and Basis of assets.
Foreign Tax Issues: Foreign tax credit and filing requirements for U.S. citizens living abroad
SCDOR: SC Legislation, SCDOR Security updates, Update on S.C. ESales and E-File
Ethics: What practitioners can and should do in light of Circular 230 and what they cannot do
SC Ethics: One hour of professional conduct for South Carolina CPAs