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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

  • Advanced technical practice and reporting issues for all entities
  • Is the "Employee vs. Independent Contractor" conundrum about to explode?
  • Don't get caught watching the paint dry; what is hot and new
  • Things your parents taught you
  • Payroll penalties update
  • What is terminating S corporations today?
  • New emphasis on basis reporting
  • How Section 179 limitations affect basis in partnerships, LLCs, and S corporations
  • How much luxury automobile depreciation in the second year of service, new Rev. Proc.
  • When to use "704(b) basis" for capital accounts versus "tax basis"
  • Detailed rules of Section 704 for preventing the shifting of tax consequences among partners or members
  • Unreasonable uses of the traditional and curative allocation methods
  • Special allocation issues of Section 704, including economic effect, the "dumb-but-lucky" rule, and substantiality
  • Social Security Issues -- Recent (2019) proposals
  • Special allocations (allocating a taxable gain that has a book loss)
  • Review of final regulations on S corporation "open debt"
  • Taxable distribution in excess of basis and reporting issues to shareholders
  • Final regulations for allocating depreciation recapture to partners and members of LLCs

Learning objective(s)

  • Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120S
  • 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

Our records indicate you are a nonmember. If you register, you will be charged $259.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $259.00
checkmark Standard Nonmember Fee $259.00

More program information

Instructor Dennis Benvie, MS, CPA
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level Advanced
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Basic- to intermediate-level experience in preparing Forms 1120S and 1065
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.