• Consider the differences between LLCs and S corporations.
• Look at the benefits and pitfalls of each for investment and estate planning.
• See which is better for a single owner.
• Take home a chart that compares the tax and legal issues that you can share with your clients when making the decisions.
• See which is more flexible.

• Understand how the new foreclosure laws work.
• Get a step-by-step formula for computing COD and gain on foreclosure.
• See what happens to the seller who must take property back or loses their second trust deed when the property value drops.
• Unravel the effect of California nonconformity.
• Learn how to use the old IRC §108 rules for clients who don't qualify — or may not want to use — the new rules.

• Get the latest on real estate professionals and the IRS's strict rules.
• Undertsand how to treat vacation homes and second residences.
• Review the home office rules.
• See what happens to suspended losses when a taxpayer dies, gifts, or converts the property to personal residence.
• See what happens when a client converts a personal residence to a rental property.

• Review what is and is not community property.
• Understand the computation of alimony and child support.
• See when alimony is not alimony.
• Prepare for FTB audits of alimony deductions.
• Analyze how to file the final tax return.
• See what information you can provide to the spouses who are divorcing.
• Understand how divorce proceedings impact RDPs.
• Help your client plan a tax-saving property settlement.

-Extra Bonus Section-

Get the details on the new federal stimulus package!  The IRS is rushing to finalize plans to send out the rebates.  Get the basics now.

• Find out the amount and timing of the federal rebate.
• See what happens if the IRS pays too little or too much based on '07 income.
• Understand how the new depreciation deductions will work for federal and state.
• See what FTB is doing to correct their depreciation errors.