August 23, 2017


In-Person

Alabama Society of CPAs
1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056


8 Total CPE Credits

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Surgent's 2017 Annual Tax Planning Guide for S Corporations, Partnerships, and LLCs

  • Instructor

    Michael Frost

Learning Objectives

  • Identify current issues that practitioners are most often called on to address
  • Be familiar with planning techniques employed in dealing with the life cycle of pass-through entities
  • Distinguish the roles S corporations and partnerships/LLCs play in the changing tax environment
  • Be familiar with the results of case studies that reinforce key learning concepts

Major Topics

  • Update on latest cases, rulings, and regulations
  • How to handle liabilities of LLCs
  • Planning opportunities and pitfalls in determining basis -- recourse and nonrecourse debt issues for LLCs, and much more
  • Partnership planning - Structuring partnership distributions and transfers of interests
  • Optional basis adjustments - 754 and 732(d)
  • Basis and distribution issues in the S corporation
  • Redemptions and liquidations 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
  • Late-breaking tax legislation, with emphasis on its impact on pass-throughs and their owners

CPE Credits Available

8
Total CPE
8
Taxes

Alabama Society of CPAs

1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

A basic course in partnership theory and S corporation theory.

Advanced Preparation

None

Intended Audience

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

Provider

Surgent McCoy CPE

This event has ended.