Courses

Surgent's Technical Business Practice Issues and Tax Forms for ExperiencedPractitioners

Registration Closed

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

Date/Time:: Oct 26, 2021, 9:00am–5:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Advanced

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.

Objective

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

Highlights

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

Prerequisite

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

Advanced Preparation

None