The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent (IN-PERSON)

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. 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. 

Highlights

  • Congressional Budget Reconciliation Process - explore how this powerful legislative tool allows Congress to fast track tax law changes and how it could be used to enact significant tax reforms in the current political climate
  • President Trump's tax proposals - review key components of President Trump's tax agenda, including a tip income exemption, overtime pay relief, Social Security tax exemption, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, restoration of 100% bonus depreciation, immediate R&D expensing, and permanent extension of select TCJA provisions
  • Potential expiration of select TCJA provisions - understand the implications for taxpayers as key provisions of the TCJA approach sunset dates
  • Tariff policy and implementation - analyze the use of tariffs as a fiscal and trade policy tool
  • Principles and considerations for nonresident withholding, composite payments, and passthrough entity taxes
  • Partnership Distributions, Form 7217, and S Corporation Redemptions
  • Thinking beyond §163(j) -- Interest Allocation Rules, Original Issue Discount, Applicable High Yield Discount Obligations, Convertible Corporate Debt Instruments, and Debt-Financed Distributions
  • Timely coverage of breaking tax legislation
  • 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
  • Form 1099-K reporting requirements
  • Bonus depreciation
  • Section 174 Research & Experimental Expenditures -- guidance under Notice 2023-63 and Notice 2024-12
  • Decentralized Autonomous Organizations (DAOs)

Objectives

  • Understand the major issues on which taxpayers and the IRS are in conflict
  • 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

Edgar Gee

Edgar Gee is a local firm practitioner with over 50 years of professional experience. He works closely with small businesses in areas of tax planning, IRS representation, and litigation support services. A noted author, Mr. Gee has published articles in the Tax Advisor relating to the largest independent contractor case against the IRS in U.S. history. He testified before the U.S. House of Representatives Subcommittee on the Oversight of IRS Activities in 1996. He is co-author of PPC's Guide to Worker Classification. Winner of the Max Block Award by NYSSCPAs for Distinguished Article of the Year 2000, "Independent Contractor or Employee: How the Process Works Today," Mr. Gee speaks nationally to many professional organizations. He was past president of the Knoxville Chapter of the Tennessee Society of Certified Public Accountants. He was the recipient of the Discussion Leader of the Year award from the Tennessee Society of CPAs in 2001. He is noted in national bestseller "What the IRS Doesn't Want You to Know" regarding independent contractor issues.