Description

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated to reflect enacted legislation.

Presented by Bob Lickwar, CPA

Target Audience

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employers

Course Objectives

• Understand the major issues on which taxpayers and the IRS are in conflict
• Understand recent IRS guidance and legislation impacting pass-through entities

Subjects

• Timely coverage of breaking tax legislation
• Schedules K-2 and K-3 reporting requirements 
• The Centralized Audit Regime
• Selected Practice and Reporting Issues: What’s new?
• A review of recent cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
• Choice of entity issues, with special consideration of recent legislation and proposed legislation
• Employee vs independent contractor considerations that companies should be aware of
• Detailed review of §465 at-risk and §469 passive activity loss limitation rules
• IRC §163(j) and §461(l)
• Impact of the net investment income tax on the owners of pass-through entities
• Review of the most important business tax cases, revenue rulings, PLRs, etc.

Prerequisites

Experience with pass-through entity clients