Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs

Description

As long as LLCs, partnerships, and S corporations form the backbone of many CPAs' practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships, and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.

Highlights



• Wrapping up issues related to COVID-19 legislation


• Update on latest cases, rulings, and regulations including the final regs


• How to handle liabilities of LLCs


• Planning opportunities and pitfalls in determining basis and amounts at risk -- recourse and nonrecourse debt issues for LLCs, and much more


• Section 199A pass-through deduction planning


• Partnership planning -- Structuring partnership distributions and transfers of interests


• Optional basis adjustments -- §§754 and 732(d)


• Planning for the utilization of §179 and for the scheduled phase out of bonus depreciation beginning in 2023


• Basis, distribution, redemption, and liquidation issues of S corporations


• Compensation in S corporations


• Sale of a partnership -- the best planning concepts


• What you need to know about family pass-throughs -- Estate planning, family income splitting, and compensation planning


• Partnership and LLC allocations


• A brief look at possible future changes to the taxation of pass-through entities
  

  
  

  




Objectives

Designed For

CPAs in public accounting and industry who want to learn planning strategies relevant to S corporations, partnerships, and LLCs