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

Description

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.
Continually updated to reflect enacted legislation.

Highlights

  • A new supplement discusses major provisions of The Build Back Better Act as introduced by the House Ways and Means Committee in September 2021
  • Major proposals from Senate Finance Committee Chairman Rob Wyden’s Pass-Through Reform Discussion Draft
  • The CARES Act, FFCRA, CAA 2021 and ARPA COVID-19-related provisions, including employer credits, SBA loans, RRF grants, and expanded leave programs
  • Updated guidance on partnership tax basis capital account reporting requirements
  • Continued, updated guidance on the impact of the TCJA on S corporations and partnership entities
  • New proposed regulations regarding 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 a preview of the potential impacts of the Biden administration’s proposed Made in America tax plan
  • An overview of the state tax issues related to remote work during the COVID-19 pandemic
  • Employee vs independent contractor considerations that companies should be aware of
  • Detailed review of §465 at-risk and §469 passive activity loss limitation rules
  • Impact of the CARES Act on §§163(j) and 461(l)
  • Impact of the net investment income tax on the owners of pass-through entities
  • Any late-breaking tax legislation
  • Review of the most important business tax cases, revenue rulings, PLRs, etc.

Objectives

Understand the major issues on which taxpayers and the IRS are in conflict
Understand how COVID-19 legislation impacts planning for pass-throughs
Understand recent IRS guidance and legislation impacting pass-through entities

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



Leaders

Sali Sheafor

With close to twenty years of accounting experience, Sali Sheafor works with clients all over the United States. She is currently licensed in Wisconsin, Minnesota, and Florida. Armed with an education from the University of Wisconsin system, she earned her certification and went on to create her own public accounting firm, TAP Consulting, LLC. She has enjoyed the opportunity to teach accounting to students in her area as well. While accounting and taxes are her first hobbies and she relishes the challenges of the ever-changing accounting world, she also enjoys snowmobiling, gardening, biking, and community service.