Highlights

• Timely coverage of breaking tax legislation
• Schedules K-2 and K-3 reporting requirements
• Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
• Overview of the economics and tax consequences of crowdfunding campaigns
• The Centralized Audit Regime
• Selected Practice and Reporting Issues: What’s new?
• A review of recent cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
• Choice of entity issues
• Employee vs independent contractor considerations that companies should be aware of, including the recently reinstated Department of Labor Final Rule
• Split-dollar arrangements
• A review of like-kind exchange transactions under §1031
• IRC §163(j) considerations in 2022
• State and local taxes: pass-through entity workarounds
• Carried interest
• Accounting method reform
• Special basis adjustments
• Impact of the net investment income tax on the owners of pass-through entities
• Review of the most important business tax cases, revenue rulings, PLRs, etc.