Webinar: Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations

WS257  |  Course  |  Basic  |  Scheduled

Description

The course provides a comprehensive, hands-on, pencil pushing understanding of the preparation of both S corporation and partnership/LLC tax returns,

Credits

Number of Credits Type of Credits
8.00 Taxes

Designed For

All levels of staff and company controllers responsible for filing these forms

Prerequisites

None

Highlights

  • Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation 
  • Reporting Requirements for Schedules K-2 and K-3 
  • Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations 
  • Gain a comprehensive understanding of income tax laws for S corporations from eligibility and election to tax return preparation, stock basis, and loss limitation issues 
  • Recognize and properly handle special pass-through items of income and expense 
  • Accurately prepare S corporation returns and reconcile book income to taxable income 
  • Accurately prepare partnership returns and reconcile book income to taxable income 
  • What the transactional method entails and how to report partners’ capital accounts under this method 
  • Properly handle the tax treatment of distributions to shareholders, partners, or members 
  • Understand the special restrictions and sanctions for tax year-end selection 
  • Review the basics of partnership and LLC formation and basis calculation 
  • Self-employment tax or NOT, for each entity 
  • Filling in K-1s correctly for S corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S corporation forms and content 
  • The most frequently used forms and schedules, including some form “oddities” 

Objectives

  • Learn in detail about the preparation of Form 1120S, Schedules M-1, K, and K-1
  • Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1
  • Identify and handle commonly found S corporation and partnership tax issues

Preparation

None

Notes

This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.

You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.

Prices

Member (Early Bird)
$279.00
Non-Member (Early Bird)
$279.00
Member
$279.00
Non-Member
$279.00
Your Price: $279.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.