Tax Talk Today Features IRS and Tax Pros Presenting, “Getting More Small Business Clients? A Small Business Tax Primer May Be in Order”

WASHINGTON--()--Tax Talk Today®, an online series of webcasts educating tax professionals on current and critical tax issues, announced the topic for its June program, Getting More Small Business Clients? A Small Business Tax Primer May Be in OrderThe Live webcast is scheduled for Tuesday, June 13, 2 - 3:50 PM ET (2 CPE Credits).

Wandalee McLaughlin, IRS Sr. Program Analyst, Small Business/Self-Employed (SB/SE), Jean Nelsen, Enrolled Agent, and Laurie Ziegler, Enrolled Agent, Sass Accounting, LLC, will focus on the tax aspects of both business formation, including the effect the form of business has on tax results, and operation, including income and deductions. Panelists also will examine the employment taxes imposed, and the tax consequences of liquidation or sale. Complete program description.

The broadcast will be Archived for 12 months for viewers who are unable to watch the Live program, or wish to complete a QAS Self Study CPE program. Viewers can earn 2 CPEs for completing this program, and may email questions before and during the Live program.

Specific topics that will be discussed:

  • First Question - Is It a Business?
    • Hobby or business
    • Business or passive investment
    • Importance of establishing an active business
  • How Form Affects Tax Consequences
    • Four forms of active business
    • Where does an LLC fit?
    • Determination and adjustment of basis
  • Business Operation
    • Determining and recognizing income
    • Ordinary and necessary expenses generally
    • Capital investment vs. deductible expense
    • Depreciation and Section 179 election
    • Business use of the home
    • Operating losses and their carryover
    • Recordkeeping
  • When the Business Adds Employees
    • Employment and other taxes
    • Estimated taxes
    • Filing returns
    • Worker classification
    • Employing family members, including children
    • Addition of partners or shareholders
    • Compensation
  • Sale of Business Assets or Interests
    • Impact on forms of business
  • Going out of business
    • Bankruptcy liquidation

Viewers needing Continuing Professional Education credit can take advantage of a Tax Talk Today subscription price of $270.00 or $18.00/credit for 15 CPE credits, which includes all 7 programs. Up to 27 CPE credits can be purchased. Tax Talk Today is an IRS Approved Continuing Education Provider.

About Tax Talk Today, The Tax Show for the Tax Pro

A 7-program, 15 CPE, webcast series, designed to educate tax professionals with reliable information about complex tax issues. Tax Talk Today features roundtable discussions and real-time interaction with industry professionals, and IRS officials. Tax Talk Today collaborates with the IRS and the NAEA to provide content meeting CPE Credit requirements for CPAs, Enrolled Agents, OTRPs, attorneys, and all professionals needing CPE credits in the tax area. Programs are available Live, Archived or Podcast. Contact Paul Lamonia at 202-559-9330 or or visit


Tax Talk Today
Paul Lamonia, 202-559-9330

Release Summary

Tax Talk Today features IRS and Tax Pros, June 13, 2017, 2 PM ET on Live Webcast. Panelists will discuss issues regarding servicing small businesses tax needs.


Tax Talk Today
Paul Lamonia, 202-559-9330