November 18, 2022


Webinar


8 Total CPE Credits

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

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
  • Evaluate the impact of recent legislation, guidance, and judicial decisions
  • Identify planning opportunities under current laws and regulations
  • Be familiar with the results of the case studies that reinforce key learning points

Major Topics

  • 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

CPE Credits Available

8
Total CPE
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

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.