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

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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.

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

Prerequisites

Experience with pass-through entity clients

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

Objectives

Understand the major issues on which taxpayers and the IRS are in conflict
Understand recent IRS guidance and legislation impacting pass-through entities

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Bob Lickwar

Leader Bios

Bob Lickwar

Bob Lickwar is a Tax Managing Director with UHY Advisors in the company’s Farmington, Connecticut, office. He has 40 years of experience and has spent most of his career practicing in all areas of taxation, particularly pass-through entities, high net worth individuals, and small businesses and their owners. Bob received his undergraduate degree in accounting from Central Connecticut State University, and his master’s in taxation from the University of Hartford. Bob has been a frequent presenter on various tax matters for roughly 15 years.

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