CPE Course Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations

January 12, 2023

9:00 AM — 4:30 PM

Location

Member Price $259.00Register after December 22 and pay $279.00
Non-member Price $359.00Register after December 22 and pay $379.00

Curriculum Taxation

Field of Interest Taxes (Technical)

Level Beginning

Designed For

All levels of staff and company controllers responsible for filing these forms

Objective

Learn in detail about the preparation of Form 1120S, Schedules M-1, K, and K-1 Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1 Identify and handle commonly found S corporation and partnership tax issues

Highlights

Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation Gain a comprehensive understanding of income tax laws for S corporations from eligibility and election, to tax return preparation, stock basis, and loss limitation issues Recognize and properly handle special pass-through items of income and expense Accurately prepare S corporation returns and reconcile book income to taxable income Accurately prepare partnership returns and reconcile book income to taxable income What the transactional method entails and how to report partners' capital accounts under this method Properly handle the tax treatment of distributions to shareholders, partners, or members Understand the special restrictions and sanctions for tax year-end selection Review the basics of partnership and LLC formation and basis calculation Self-employment tax or NOT, for each entity Filling in K-1s correctly for S corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S corporation forms and content The most frequently used forms and schedules, including some form "odditie

Instructors

Prerequisites

Developer

Surgent McCoy CPE, LLC

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