In Person-Live
Partnership & S Corporation Essentials: Reporting Basis and More
Friday, June 21, 2024 | 8:00 am - 4:00 pm
Hotel Indigo Detroit Downtown, an IHG Hotel Detroit, MI
Course # 157444 | by Van Der Aa Tax Ed, LLC
Members SAVE $150
$329.00
Member
$479.00
Non-Member
Speakers: Douglas J. Van Der Aa
Time: 8:00 am - 4:00 pm
Total Credits: 8.0
Earn Up To: 8.0 OT credits
Level: Intermediate
Vendor: Van Der Aa Tax Ed, LLC

What you will learn

Upon completion of this course, you will be able to: 

  • Define the tax consequences and various liabilities for partnerships, LLCs and S corporations.
  • Identify strategies to calculate and report basis for tax basis capital accounts and shareholder stock and loans.
  • Apply planning opportunities and potential pitfalls.

Description

This course examines the critical issues and special opportunities facing partnerships and their partners, as well as the relationship between limited liability companies and partnerships, with a focus on reporting tax basis capital accounts. The new IRS guidelines on shareholder stock and loan basis reporting will be discussed, including the tax structure of S and C corporations and the significant impact of Section 199A flow-through entities deduction on S corporations.

PRICING DETAILS
Register early to take advantage of the best price! Please note, discounted pricing is already reflected in the online price. No promo code is needed.
Through May 24: $289 MICPA Members / $439 Non-Members
May 25 - June 7: $309 MICPA Members / $459 Non-Members
June 8 - June 21: $329 MICPA Members / $479 Non-Members

Prerequisites:
Basic working knowledge of partnership and S corporation taxation

Advanced Preparation:
None

  • Recent tax legislation, rules, and developments impacting partnership and S-corporations.
  • S corporation shareholder basis in stock and debt.
  • Importance of capital accounts.
  • How to calculate and report partner basis.
  • Shareholder stock and loan basis reporting.
  • New Schedules K-2 & K-3 and filing exceptions.
  • Form 1065, Schedules K-1 and M-2.
  • Section 163(j) business interest expense limitation.
  • S corporation open account debt.
  • Limitation of deduction of losses.
  • Transfer of partnership interests.
  • Filing deadlines and extensions.

Practitioners and members in industry seeking update on basis reporting and on other thorny partnership and S corporation issues.

  • Douglas J. Van Der Aa
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.