Tax Update for Pass-Through Entities: S Corporations, Partnerships and LLCs (111134A-12)
Description
Be prepared for the issues affecting S Corporations, partnerships and
limited liability companies. Learn about the latest law changes, rulings
and pronouncements affecting these pass-through entities. Flow-through
taxation is one of the most challenging areas of practice, and our
discussion leaders will help navigate this complexity. Provide more
value to your clients incorporating the latest changes in your client
engagements.
Learning Objectives
Identify
and comply with new tax changes during the upcoming tax season
Utilize
latest tax minimization strategies resulting from recent changes to tax
statutes, regulations, cases and rulings
Major Topics
Latest changes to federal tax statutes, regulations, cases and rulings
for pass-through entities
Passive loss, At-Risk and basis developments
for flow-through entities
Compensation and self-employment tax
developments for flow-through owners
Highlights of the differences in
treatment between the various pass-through entities: formation,
operations and distributions
Review troublesome areas of S Corporation
conversion compliance including: built-in gains, excess passive income
and LIFO recapture
Late-breaking tax legislation
Course Level
Update
CPE Field of Study
Taxes
8
Prerequisites
Familiarity with federal tax issues for flow-through entities
