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 knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated for developments.
Learning Objectives
• Understand the major issues on which taxpayers and the IRS are in conflict
• Understand how tax reform affects planning for pass-throughs
• Understand what pass-throughs can do in light of tax reform
Major Topics
• Impact of the Tax Cuts and Jobs Act on S corporations and partnership entities including coverage of Section 199A
• Partnership Audits
• Selected Practice and Reporting Issues: What’s new?
• A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
• Choice of entity issues: Is the C corporation more of a viable choice after tax reform? Will it become preferred?
• Sections 163(j) and 461(l)
• Debts between entity and the investors
• 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.
