The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

Overview

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.

Objectives

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 o

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

Prerequisites

Experience with pass-through entity clients

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

John Kilroy, Surgent McCoy CPE, LLC

Leader Bios

John Kilroy, Surgent McCoy CPE, LLC

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

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