The course materials include:

• A checklist of developments first effective in 2012
• A checklist of 2012 tax developments that may require amended returns
• Forms, checklists, flow charts, etc.
• Examples of tax elections
  

• To prepare for tax season and to review and update corporate and other business planning ideas
• To review old rules and to learn new law changes -- the course includes a 700+ page reference manual with each chapter containing basic rules, selected items of interest, 2012 developments, planning ideas, elections and forms. The manual also includes a topical index.

A review of corporate and other business income taxation including:

• 2012 corporate and business developments including a review of any new tax legislation affecting businesses
• A review of both legislative and non-legislative provisions first effective in 2012
• 2012 developments that may require amended returns
• Planning ideas including planning with new tax legislation
• Important 2012 regulations, court cases, rulings and other important non legislative developments
• New 2012 regulations for determining if an expenditure may be expensed or must be capitalized
• Tax planning with S corporations and LLCs
• Planning with §168(k) depreciation and the §179 deduction
• Update on S/E taxation of LLC members, salaries of S corporation owners and entity selection issues
• Accounting methods (including accrual vs. cash method issues and rules for changing accounting methods)
• Review of rules for meals, travel and entertainment expenses
• Buying and selling businesses including purchase price allocation issues
• Independent contractor and payroll tax issues
• Review of various fringe benefits