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

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.

This course is also offered via webcast.  Click here.

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.