The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this ...

9/20/2021 8am - 4pm | Online | Surgent

$259.00

CPE Categories: Taxation (8 CPE)

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 for developments.

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 how the CARES Act and tax reform affects planning for pass-throughs
Understand what pass-throughs can do in light of the CARES Act and tax reform

Subjects

The CARES Act and FFCRA, including employer credits, SBA loans, and expanded leave programs
New partnership tax basis capital account reporting requirements
The SECURE Act, including IRA and RMD changes
Impact of the Tax Cuts and Jobs Act on S corporations and partnership entities including coverage of Section 199A
Partnership Audits
Opportunity Zones
Selected Practice and Reporting Issues: What’s new?
A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
Choice of entity issues: Is the C corporation more of a viable choice after tax reform? Will it become preferred?
Impact of the CARES Act on sections 163(j) and 461(l)
Debts between entity and the investors
Impact of the net investment income tax on the owners of pass-through entities
Any late-breaking tax legislation
Review of the most important business tax cases, revenue rulings, PLRs, etc.

Prerequisites

Experience with pass-through entity clients