The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

Overview

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. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.

Highlights

Comprehensive coverage of the Inflation Reduction Act, including:
- The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, and Credit for Qualified Commercial Clean Vehicles
Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
Retirements and redemptions: considerations for partnerships and S corporations
Timely coverage of breaking tax legislation
Schedules K-2 and K-3 reporting requirements, including the 2022 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
Overview of the economics and tax consequences of crowdfunding campaigns
Selected Practice and Reporting Issues: What’s new?
A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
New Form 1099-K reporting requirements
Bonus depreciation
Section 163(j)
Section 174 Research & Experimental Expenditures
New FinCEN reporting requirements in 2024
Employee vs independent contractor considerations that companies should be aware of
A review of like-kind exchange transactions under §1031
State and local taxes: pass-through entity workarounds
Special basis adjustments, including comprehensive examples

Prerequisites

Experience with pass-through entity clients

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