Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations Webinar

Nov 2
9:00 - 5:00 p.m.

Online

8-Tax
CPE Credits

The course provides a comprehensive hands-on, pencil pushing understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course and instruction delivery is geared toward the basic understanding and progresses to complex issues. The boot camp allows staff to discover the connections and alterations of these widely held entity structures, while also providing a valued reference for the participant's future use. The course utilizes an identical sample trial balance for participants to prepare tax forms, with filled-in completed Forms 1120S and 1065 provided in the case solutions.
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
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
How the Affordable Care Act affects tax returns
The most frequently used forms and schedules, including some form "oddities"

Registration

PICPA Member: $259
Nonmember: $359

More Information

Course No. TFBC-2020-01-WEBNR-307-01 Level: Basic

Prerequisites: None

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.