Vermont Society of Certified Public Accountants
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Surgent's Technical Business Practice Issues and Tax Forms for ExperiencedPractitioners

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Member Price: $0.00
Non-Member Price: $0.00

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Oct 26, 2021, 9:00am–5:00pm
Don't let the title frighten you. It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff avoid costly mistakes by addressing advanced preparation issues when dealing with flow-through entities such as S corporations, LLCs, and partnerships.


  • Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120S
  • Understand advanced technical practice issues facing practitioners today


  • Advanced technical practice and reporting issues for business entities
  • Individuals are NOT the only victims of Identity Theft
  • Marijuana industry may expect increased tax compliance efforts
  • New Form 1065 steps for reporting capital
  • New partnership reporting for property contributions
  • Late filing penalties and small partnership relief
  • What is terminating S corporations today?
  • “Substance over Form” argument of shareholder loans
  • Advanced study of “At-Risk” loans
  • Employer W-2 correction requests
  • To Deduct or Not to Deduct -- When a taxpayer receives a PPP loan
  • White House 2021 Budget Points
  • On-Demand Payroll issues and other off-the-beaten-path business practice issues
  • Reporting eligible §1231 gains from Qualified Opportunity Zone Business Property 
  • Don't get caught watching the paint dry -- What is hot and new
  • What is terminating S corporations today?
  • Special allocation issues of §704
  • Final regulations for allocating depreciation recapture to partners and members of LLCs

Designed For

CPAs who are involved in planning, preparing, or reviewing complex returns


Basic- to intermediate-level experience in preparing Forms 1120S and 1065

Advanced Preparation

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