Vermont Society of Certified Public Accountants
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The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

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Member Price: $299.00
Non-Member Price: $419.00

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Date/Time:
May 29, 2024, 9:00am–5:00pm
Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:
Taxes: 8.00
Fields of Study:
Taxes
Level:
Update
This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.

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

  • Comprehensive coverage of the Inflation Reduction Act, including:
    • The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, and Credit for Qualified Commercial Clean Vehicles
  • Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
  • Retirements and redemptions: considerations for partnerships and S corporations
  • Timely coverage of breaking tax legislation
  • Schedules K-2 and K-3 reporting requirements, including the 2022 domestic filing exception and Form 1116 exemption
  • Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, with examples of how to calculate stock basis
  • Overview of the economics and tax consequences of crowdfunding campaigns 
  • Selected Practice and Reporting Issues: What’s new?
  • A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
  • New Form 1099-K reporting requirements
  • Bonus depreciation 
  • Section 163(j) 
  • Section 174 Research & Experimental Expenditures
  • New FinCEN reporting requirements in 2024
  • Employee vs independent contractor considerations that companies should be aware of
  • A review of like-kind exchange transactions under §1031
  • State and local taxes: pass-through entity workarounds
  • Special basis adjustments, including comprehensive examples

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 employers

Prerequisite

Experience with pass-through entity clients

Advanced Preparation

None
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