Live Stream: Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs
335 | Livestream | Intermediate | Scheduled
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.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
| 6.75 | CLE |
Designed For
Accounting and Financial Professionals in public accounting and industry who want to learn planning strategies relevant to S corporations, partnerships, and LLCs
Prerequisites
A basic course in partnership theory and S corporation theory
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
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
Prices
- Member (Early Bird)
- $299.00
- Non-Member (Early Bird)
- $399.00
- Member
- $299.00
- Non-Member
- $399.00
Instructors
Dennis Riley, CPA, MBA
Dennis Riley has more than 35 years of experience in accounting, consulting, tax preparation, and government representation. He specializes in the tax and business needs of individuals, families, and entrepreneurial small businesses.
He is a frequent lecturer on topics related to taxation and closely held businesses. He has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.
Riley's experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving, and tax preparation. He has resolved multiple-year filing issues, organization issues, and business transition problems.
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