Tax year 2026 brings significant federal tax developments affecting sole proprietorships, partnerships, S corporations, and other closely held businesses. This practical two-hour IRS CE and CPA CPE course prepares tax professionals for the 2027 filing season by reviewing changes involving depreciation and cost recovery, business deductions, information returns, retirement plans, fringe benefits, recordkeeping, compliance risks, and tax-planning opportunities.

Business taxpayers continue to face a rapidly changing tax environment driven by new legislation, updated IRS guidance, inflation adjustments, and evolving compliance expectations. This two-hour course provides practitioners with a practical review of the developments that matter most to businesses and their advisors.

Taught by Susan Harper, a former IRS Internal Revenue Agent and Fraud Enforcement Advisor with more than 25 years of tax-education experience. The course examines significant federal tax changes affecting sole proprietorships, partnerships, S corporations, and other closely held businesses, including depreciation and cost recovery, reporting requirements, information return thresholds, business deductions, retirement and fringe benefit changes, recordkeeping expectations, and other planning opportunities created by recent legislation. Special emphasis is placed on recognizing emerging audit risks and helping clients navigate new compliance requirements.

Designed for experienced tax professionals, this course focuses on practical application rather than basic tax preparation, equipping attendees with actionable knowledge they can immediately apply in advising business clients.