20WS-1256: Surgent's Technical Business Practice Issues and Tax Forms for Experienced Practitioners (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Friday, January 29, 2021
8:00am - 4:00pm Central Time
8 CPE (8 technical) | 8 IRS CE
Don't let the title frighten you. It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff avoid costly mistakes by addressing advanced preparation issues when dealing with flow-through entities such as S corporations, LLCs, and partnerships.
Major subjects
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Advanced technical practice and reporting issues for all entities
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Is the "Employee vs. Independent Contractor" conundrum about to explode?
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Don't get caught watching the paint dry; what is hot and new
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Things your parents taught you
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Payroll penalties update
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What is terminating S corporations today?
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New emphasis on basis reporting
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How Section 179 limitations affect basis in partnerships, LLCs, and S corporations
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How much luxury automobile depreciation in the second year of service, new Rev. Proc.
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When to use "704(b) basis" for capital accounts versus "tax basis"
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Detailed rules of Section 704 for preventing the shifting of tax consequences among partners or members
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Unreasonable uses of the traditional and curative allocation methods
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Special allocation issues of Section 704, including economic effect, the "dumb-but-lucky" rule, and substantiality
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Social Security Issues -- Recent (2019) proposals
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Special allocations (allocating a taxable gain that has a book loss)
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Review of final regulations on S corporation "open debt"
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Taxable distribution in excess of basis and reporting issues to shareholders
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Final regulations for allocating depreciation recapture to partners and members of LLCs
Learning objective(s)
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Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120S
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Understand advanced technical practice issues facing practitioners today
Who should take this program?
CPAs who are involved in planning, preparing, or reviewing complex returns
Fees
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$259.00
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Standard Member Fee |
$259.00
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Standard Nonmember Fee |
$259.00
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