K-1 Boot Camp for S Corporations and LLCs

Sep 26
8:00 - 4:00 p.m.

Wyndham Philadelphia-Bucks County
Feasterville-Trevose - Map

8-Tax
CPE Credits

Get an understanding of the complicated issues of S corporation and LLC Schedule K-1. Become familiar with passive activity reporting. Review case studies and detailed cases about the vastness of Schedule K-1.
Highlights

Common and not-so-common items on Forms 1065 and 1120S Schedules K-1
Numerous examples of special allocation issues of Section 704, including economic effect, the dumb-but-lucky rule, and substantiality
Determining substantiality
Advanced case for tracking a multitude of Schedule K-1 items through Form 6251
Case study finding at-risk hidden gains within Schedule K-1
Determining self-employment taxable income
Partners’ capital accounts and method of maintaining them
Sales of depreciable property not reported on Form 4797
Practical case and examples of the proper allocation of recourse and nonrecourse liabilities
Finding hidden gains within partnership/LLC Schedule K-1 and S corporation Schedule K-1
Options taxpayers have if they receive a Schedule K-1 that includes an error