Tuesday, August 18, 2020
8:30 AM to 12:00 PM

Topic: Business Entity Balance Sheets & Basis
Speaker: Jane Ryder, EA, CPA
4 Federal Tax Law Hours
IRS: 18QC1-T-01369-20-O
CTEC: 1000-CE-4762

Course Description:
Preparing and reporting business tax return balance sheets. Working with accounting reports, from simple P&Ls to complete accurate financial statements and everything in between! Balance sheet items; retained earnings, shareholder loans, non-deductible expenses, etc. Classifying transactions for basis considerations, educating the client on balance sheet issues, and more.

Knowledge Level: Intermediate

Learning Objectives:

#1: Learn the correct way to report balance sheets for business tax returns for each entity type

#2: Understand the components of balance sheets and how they affect basis. Learn strategies of maximizing taxpayer benefits for basis considerations

#3: Determine criteria for classifying transactions; loans vs distributions 

#4: Develop practices for training clients and bookkeepers regarding balance sheets and Tax AJEs

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm and writes and speaks on many income tax, business compliance and accounting topics. Jane has a business centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance related issues. She earned a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and admitted to practice before the the Internal Revenue Service as an Enrolled Agent.