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:
- Timely coverage of breaking tax legislation
- Schedules K-2 and K-3 reporting requirements, including the domestic filing exception and Form 1116 exemption
- Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations with examples of how to calculate stock basis
- A review of like-kind exchange transactions under section 1031
- Guidance on the impact of recent legislation on S corporations and partnership entities
- New Form 1099-K reporting requirements
- Bonus depreciation in 2023
- Section 163(j) in 2023
- Section 174 Research and Experimental Expenditures
- New FinCEN reporting requirements in 2024
- Employee vs independent contractor considerations that companies should be aware of
- A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
Learning Objectives
- Understand the current planning issues for businesses
- Understand how recent 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