Partnership & S Corporation Checkup: Key Developments
Overview
The presentation includes an in-depth discussion of the when the Forms 1065 and 1120S, Schedules K-2 and K-3 must be completed, as well as important developments for filing 2021 flow-through entity tax forms and other recent developments impacting both partnership and S corporation entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics covered in this course include:
- IRS enforcement against partnerships
- New K-2 and K-3: 2021 partnership and S corporation tax forms on foreign transactions
- Sale/merger of a partnership
- The new Sub S Form 7203 - shareholder basis computation
- S corporation compensation
- PPP loans and the Forms 1065 and 1120-S
Prerequisites
Basic working knowledge of partnership and S corporation taxation.
Designed For
CPAs in public practice and industry seeking an update on the latest tax developments impacting partnerships and S Corporations.
Objectives
After attending this course, you will be able to...
- Apply recent changes to forms and related schedules for partnership and S corporation returns
- Apply planning strategies and recent developments when preparing client returns
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 CPA Crossings.
Leader(s):
Leader Bios
Steven Dilley PhD, Federal Tax Workshops Inc
Steven C. Dilley is a professor at Michigan State University where he teaches tax accounting. He obtained his PhD in accounting from the University of Wisconsin-Madison in 1972. In 1969 he also received a law degree and an undergraduate accounting degree from UW-Madison. He is a member of the Wisconsin Bar Association, the American Bar Association, the Wisconsin Institute of CPAs, the Michigan Association of CPAs, the American Accounting Association, the American Institute of CPAs, the American Taxation Association, and the Hawaii Association of Public Accountants. Steve is the President of the Federal Tax Workshops, Inc. This organization prepares continuing education materials and presents continuing education programs for accountants and attorneys throughout the United States. Steve is nationally known for his knowledge of taxation in general and especially for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on those topics.
Non-Member Price $119.00
Member Price $89.00