S Corporation, Limited Liability, and Partnership Update (BCPE)

Overview

 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 knowledge, 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.

Who should attend

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

Details

Objectives:

• Understand the major issues on which taxpayers and the IRS are in conflict
• Understand how tax reform affects planning for pass-throughs
• Understand what pass-throughs can do in light of tax reform

Major Topics:

• Impact of the Tax Cuts and Jobs Act on S corporations and partnership entities including coverage of Section 199A
• Partnership Audits
• 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?
• 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.

e-materials

Any e-mail materials will be available for download under the Handout Tab. Hard copies will not be provided.

Advanced preparation

None

Course level

Update

Prerequisite

Experience with pass-through entity clients