This comprehensive Tax Update will cover all new tax legislation, the effects in 2009–2010 of the Emergency Economic Stabilization, Energy, Extenders, and AMT Acts of 2008; Worker, Retiree, and Employer Recovery Act of 2008; American Recovery and Reinvestment Act of 2008; President Obama’s future tax legislation; and other new regulations, cases, and rulings in all areas of federal taxation, including:

• New rules on discharge of debt and longer carryback of net operating loss.
• Energy tax incentives.
• Update on sale of principal residence.
• Latest developments in like-kind exchanges, including vacation homes.
• All new tax legislation; all proposed, temporary, and final regulations.
• New developments in pension and IRA rules.
• New developments for S corporations, LLCs, and partnerships.
• Update on tax accounting changes, including:
• Expensing vs. capitalizing;
• Changes in method of accounting;
• Capitalizing intangibles;
• Deducting year-end employment taxes under economic performance test.
• Depreciation update, including bonus depreciation and §179 deduction.
• Schedule M-3 for C corporations, S corporations, and partnerships.
• Marital dissolution update.
• Update on IRS procedures and practices, including Circular 230. Earn one hour of regulatory ethics credit! (Does not fulfill North Carolina ethics requirement.)
• Update on gift and estate tax rules.
• Recent developments in employment and self-employment tax.

Speakers:   Lori J. Feehan Master of Tax, J.D., CPA   Mark Kozik J.D., LL.M. in Taxation, CPA   Rex A. Logemann J.D., LL.M. in Taxation   Mark Merric Master of Tax, J.D., CPA   Edward J. Roche J.D., CPA   Mark A. Vogel J.D., LL.M. in Taxation, CPA (Illinois)   Mick Walker J.D., LL.M.