Partnership & S Corporation Checkup: Key Developments

Wednesday, February 05, 2025
Webcast or Webinar, Online
12:00PM - 2:00 PM (opens at 11:30AM) EST
2Credits
Technical Business

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/CX46236
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Taxes

Overview:

The presentation includes an in-depth discussion of the when the Forms 1065 and 1120S, Schedules K-2 and K-3 must be completed, as well as important developments for filing 2021 flow-through entity tax forms and other recent developments impacting both partnership and S corporation entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this course, you will be able to...

  • Apply recent changes to forms and related schedules for partnership and S corporation returns
  • Apply planning strategies and recent developments when preparing client returns

Major Topics:

The major topics covered in this course include:

  • IRS enforcement against partnerships
  • New K-2 and K-3: 2021 partnership and S corporation tax forms on foreign transactions
  • Sale/merger of a partnership
  • The new Sub S Form 7203 - shareholder basis computation
  • S corporation compensation
  • PPP loans and the Forms 1065 and 1120-S

Major Topics:

The major topics covered in this course include:

  • IRS enforcement against partnerships
  • New K-2 and K-3: 2021 partnership and S corporation tax forms on foreign transactions
  • Sale/merger of a partnership
  • The new Sub S Form 7203 - shareholder basis computation
  • S corporation compensation
  • PPP loans and the Forms 1065 and 1120-S

Designed For:

CPAs in public practice and industry seeking an update on the latest tax developments impacting partnerships and S Corporations.

Prerequisites:

Basic working knowledge of partnership and S corporation taxation.