24SS-0424: Surgent's Tax Forms Boot Camp: LLCs, Partnerships and S Corporations (Self-Study)
Valid for one year from purchase date
Self-study - Downloadable PDF
8 CPE (8 technical) | 8 IRS CE
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
The course provides a comprehensive, hands-on, pencil pushing understanding of the preparation of both S Corporations and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course uses the basic concepts underlying the two main types of business returns: 1120-S and 1065 as building blocks for more complex concepts tax preparers should be aware of. The theoretical concepts get illustrated in comprehensive examples that incorporate the most up-to-date law changes and provisions.
Major subjects
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Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S Corporations
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Reporting requirements and filing exceptions for Schedules K-2 and K-3
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Form 7203, S Corporations Shareholder Stock and Debt Basis Limitations
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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
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Recognize and properly handle special pass-through items of income and expense
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Accurately prepare S Corporations returns and reconcile book income to taxable income
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Accurately prepare partnership returns and reconcile book income to taxable income
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What the transactional method entails and how to report partners' capital accounts under this method
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Properly handle the tax treatment of distributions to shareholders, partners, or members
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Understand the special restrictions and sanctions for tax year-end selection
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Review the basics of partnership and LLC formation and basis calculation
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Self-employment tax or NOT, for each entity
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Filling in K-1s correctly for S Corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S Corporations forms and content
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The most frequently used forms and schedules, including some form "oddities"
Learning objective(s)
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Learn in detail about the preparation of Form 1120-S, Schedules M-1, K, and K-1
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Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1
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Identify and handle commonly found S Corporations and partnership tax issues
Who should take this program?
All levels of staff and company controllers responsible for filing these forms
Fees
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you are a
nonmember.
If you register, you will be charged
$159.00
(Standard Nonmember Fee).
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|
Standard Member Fee |
$159.00
|
 Standard Nonmember Fee |
$159.00
|
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level
Basic
Format
Self-study - Downloadable PDF
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
None
Advance
prep
None
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
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