As long as LLCs, partnerships, and S corporations form the backbone of many CPAs’ practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships, and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.
* 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
* Update on latest cases, rulings, and regulations* How to handle liabilities of LLCs* Planning opportunities and pitfalls in determining basis — recourse and nonrecourse debt issues for LLCs, and much more* Partnership planning — Structuring partnership distributions and transfers of interests * Optional basis adjustments — 754 and 732(d)* Basis and distribution issues in the S corporation* Redemptions and liquidations 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 * Late-breaking tax legislation, with emphasis on its impact on pass-throughs and their owners
A basic course in partnership theory and S corporation theory.
Colorado Society Of CPAs, 7887 E. Belleview Ave, Suite 200, Englewood CO 80111