Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs

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  • Location
    • Your Computer
      Your Space
      ISCPA / Surgent Webinar, ID 00000
  • Credits
    • 8.00
  • Credit Type(s)
    • Taxes (Technical) (8.00)
  • Prerequisites
    • A basic course in partnership theory and S corporation theory

  • Vendor
    • Surgent
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

As long as LLCs, partnerships, and S corporations form the backbone of many CPAs' practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships, and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.

  • Presented by Michael Frost, CPA


  • Qualifies for IRS CE Credit
  • Designed For

    Accounting and Financial Professionals in public accounting and industry who want to learn planning strategies relevant to S corporations, partnerships, and LLCs

    Objectives

    • Identify current issues that practitioners are most often called on to address
    • Be familiar with planning techniques employed in dealing with the life cycle of pass-through entities
    • Distinguish the roles S corporations and partnerships/LLCs play in the changing tax environment
    • Evaluate the impact of recent legislation, guidance, and judicial decisions
    • Identify planning opportunities under current laws and regulations
    • Be familiar with the results of the case studies that reinforce key learning points

    Highlights

    • Wrapping up issues related to COVID-19 legislation
    • Update on latest cases, rulings, and regulations including the final regs
    • How to handle liabilities of LLCs
    • Planning opportunities and pitfalls in determining basis and amounts at risk -- recourse and nonrecourse debt issues for LLCs, and much more
    • Section 199A pass-through deduction planning
    • Partnership planning -- Structuring partnership distributions and transfers of interests
    • Optional basis adjustments -- §§754 and 732(d)
    • Planning for the utilization of §179 and for the phase out of bonus depreciation
    • Basis, distribution, redemption, and liquidation issues of S corporations
    • Compensation in S corporations
    • Sale of a partnership -- the best planning concepts
    • What you need to know about family pass-throughs -- Estate planning, family income splitting, and compensation planning
    • Partnership and LLC allocations
    • A brief look at possible future changes to the taxation of pass-through entities

    Advanced Prep

    None

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    Leaders

    Surgent Panel

    No Biography Available

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