Overview
If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. 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 to reflect enacted legislation.
Major Topics:
- A new supplement discusses major provisions of the Build Back Better Act as introduced by the House Ways and Means Committee in September 2021
- Major proposals from Senate Finance Committee Chairman Rob Wyden's Pass-Through Reform Discussion Draft
- The CARES Act, FFCRA, CAA 2021 and ARPA COVID-19-related provisions, including employer credits, SBA loans, RRF grants, and expanded leave programs
- Updated guidance on partnership tax basis capital account reporting requirements
- Continued, updated guidance on the impact of the TCJA on S corporations and partnership entities
- Detailed review of section 465 at-risk and section 469 passive activity loss limitation rules
- Partnership Audits
- Impact of the net investment income tax on the owners of pass-through entities
- Sections 163(j) and 461
- A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
- Any late-breaking tax legislation
Learning Objectives
- Understand the major current planning issues for businesses
- Understand how COVID-19 legislation impacts planning for pass-throughs
- Understand what pass-throughs can do in light of tax law changes
Designed for:
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
Prerequisite:
Experience with pass-through entity clients
Advanced Preparation:
None