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 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.
- The CARES Act and FFCRA, including employer credits, SBA loans, and expanded leave programs
- New partnership tax basis capital account reporting requirements
- The SECURE Act, including IRA and RMD changes
- Impact of the Tax Cuts and Jobs Act on S corporations and partnership entities including coverage of Section 199A
- Partnership Audits
- Opportunity Zones
- 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?
- Impact of the CARES Act on 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.
- Understand the major issues on which taxpayers and the IRS are in conflict
- Understand how the CARES Act and tax reform affects planning for pass-throughs
- Understand what pass-throughs can do in light of the CARES Act and tax reform