Objective
- Understand the major issues on which taxpayers and the IRS are in conflict
- Understand recent IRS guidance and legislation impacting pass-through entities
Highlights
- Timely coverage of breaking tax legislation
- Schedules K-2 and K-3 reporting requirements
- The Centralized Audit Regime
- Selected Practice and Reporting Issues: What’s new?
- A review of recent cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
- Choice of entity issues, with special consideration of recent legislation and proposed legislation
- Employee vs independent contractor considerations that companies should be aware of
- Detailed review of §465 at-risk and §469 passive activity loss limitation rules
- IRC §163(j) and §461(l)
- Impact of the net investment income tax on the owners of pass-through entities
- Review of the most important business tax cases, revenue rulings, PLRs, etc.
Designed For
All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employersPrerequisite
Experience with pass-through entity clientsAdvanced Preparation
None