IRS Number: Pending
Product Description
The 2026 Tax Year embraces the final results of the 2025 OBBBA with massive changes in business tax compliance and planning. The course begins with a discussion of the 71 new tipped occupations that employers will have to note on W-2’s, and self-employeds on Form 4137. A quick similar discussion is made on how and where to report overtime based on 2026 IRS guidance. We then move quickly to the new charity deduction rules (with examples) for C corporations before heading to a deep analyses of the new 168(n) building depreciation rules (again with multiple examples). With the over 25 changes to fringe benefit programs for 2026 we have added a special chapter to discuss all the new and modified fringe benefit programs from an employer’s point of view. 2026 is a big year for LLC tax changes with 2 new reporting forms, multiple SE tax court cases that will upend your opinions, and new analyses of day to day partnership activities. Not yet done, we then explain the new retirement changes regarding deferrals and planning and employer provided Trump accounts. Finally this learning overload will conclude with our review of S Corporation tax issues. Along the way this year we are also adding a major discussion chapter for business owner tax planning by explaining, with examples, the incredible 1202 tax-free business sale rules, the 1244 ordinary loss deduction, and the O-Zone as applied to small business.
Each type of entity is given special attention with its own chapter. The S corp chapter will emphasize timely/late elections, owner fringe benefits and wages, as well as basis, distributions and the use of ESBT’s for family ownership transfers. The LLC chapter provides guidance on the latest partnership changes, compliance and reporting issues. The C corporation chapter offers instruction on operating issues and penalty taxes, and the S corporation chapter examines formation, elections, terminations and basis, plus reasonable compensation and fringe benefits, built in gains and shareholder changes. Each of the sections is fully and continually updated to reflect legislative and IRS changes, complete with dozens of examples.
Seminar Location & Hotel Reservations
Embassy Suites by Hilton Richmond
2925 Emerywood Parkway, Richmond, Virginia, 23294, USA
For any guest that would like to reserve their reservation over the phone, please call 804-672-8585 and refer to the group dates and name or dates and group code "91S". The hotel cut off for the room reservation is on or before 5:00pm Sept, 30 2026.
To reserve online click here
Scroll to the bottom of the reservation page where it says room rates and click on visit the booking page, this will take you to the calendar where you can select which days you'd like to reserve.
Reservation Code 91S".
Member Early/Non Member Early Bird Rates$540/$740 through Aug 29
Member/ Non Member Regular Rate- $590/$790 through October 10
Member/Non Member Late at Door Rate- $690/$890
Additional Information
Credit Hours: 16
Field of Study: Taxes, Update
Program Level: Intermediate
Designed for: Accountants, Tax Professionals, CPAs, EAs, Finance Professionals, Attorneys
Prerequisites: 2-4 Years of Tax Preparation
Advanced Preparation: None
Instructional Method: Group Live
Approved by: NASBA, IRS
Course Objective:
Upon completion of this course, practitioners will be able to explain the latest business tax law changes to clients and inform them of the various characteristics and implications of the S or C corporation form of business entity and summarize the various tax reporting and compliance requirements. The student will also gain competence to determine the appropriate treatment for various business expenses under different accounting methods. Students are also trained to discern if a corporation qualifies to file the election for S status.
Group Discount- A 5% discount for groups of 3 or more may be applied for the registering business. Call our office or email asv@virginia-accountants.org for more information.
By registering for this Virginia Society of Tax & Accounting Professionals event or program you consent to being photographed, filmed and/or otherwise recorded at the event or program. By doing so, you grant to the Association rights to the release, publication or reproduction of any recorded media taken at the event or program of your appearance, voice or name for use by the Association and its management team.
Event Policies
Click the link above for a full list of our event policies
Refunds and Cancellations
If a decision is needed to be made to make these virtual events, or virtual events with a simulcast option, that decision will be made approximately 60 days prior to the event. If a decision to make the seminars virtual is made, registered attendees will be given the option for applying their payment to the virtual option or requesting a refund without fees.
Attendance Cancellation Policy
Attendee cancellations and requests for refunds MUST be done in writing by e-mail or mail. Postmarks for mail must be before the cancellation date. Phone calls and phone messages will not qualify as notice of cancellation.
Refund Policy
All cancellations must be received in writing in order to be eligible for a refund. An administrative charge of $50 will be applied to all refunds if the cancellation is received 5 or more days before the start of the event. If the cancellation is less than 5 days but not within 24 hours of the start of the event, the cancellation fee is $175. No refund if the cancellation is received within 24 hours of the start of the event. Cancellations not received in writing by the date required will not be eligible for a refund.
This seminar has been approved by:
