Advanced Technical Tax Forms Training -LLCs, S Corporations, and Partnerships

Description

It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season.   This course will help experienced staff avoid costly mistakes by addressing advanced preparation issues when dealing with flow-through entities such as S corps, LLCs, and partnerships.

Highlights

Advanced technical practice and reporting issues for all entitles.

IRS battles against blind basis

Precedents in payroll penalties, enforcement activities

Amend prior returns to correct impermissible accounting method

Shorter depreciation schedules due to tax friendly safe-harbors

Capital acc't adjustments with admission of new member/partner

Social Security Issues

Special allocations

Review of final regulations on S corporation "open debut".

Taxable distribution in excess of basis and reporting issues to shareholders

Advanced depreciation issues

Objectives

Properly complete several tax forms related to certain advanced technical issues, which arise in preparing Forms 1068 and 1120S.

Understand advanced technical practice issues facing practitioners.

Designed For

CPAs who are involved in planning, preparing or reviewing complex returns.