Annual Tax-Planning Guide for S Corporations, Partnerships and LLCs

213  |  Course  |  Intermediate  |  Scheduled

Description

As long as LLCs, partnerships and S corporations form the backbone of many CPAs' practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.

Credits

Number of Credits Type of Credits
8.00 Taxes
6.75 CLE

Designed For

CPAs in public accounting and industry who want to learn planning strategies relevant to S corporations, partnerships and LLCs

Prerequisites

A basic course in partnership theory and S corporation theory.

Highlights

  • Update on latest cases, rulings and regulations
  • How to handle liabilities of LLCs
  • Planning opportunities and pitfalls in determining basis - recourse and nonrecourse debt issues for LLCs, and much more
  • Planning for the provisions of the Tax Cuts and Jobs Act of 2017, including entity choice reevaluation
  • Partnership planning - Structuring partnership distributions and transfers of interests
  • Optional basis adjustments - 754 and 732(d)
  • Update on Small Business Health Reimbursement Arrangements
  • How to take advantage of the new 179 and bonus depreciation rules of the Tax Cuts and Jobs Act of 2017
  • Basis, distribution, redemption and liquidation issues of S corporations
  • Compensation in S corporations
  • Sale of a partnership - the best planning concepts
  • What you need to know about family pass-throughs - Estate planning, family income splitting and compensation planning
  • Partnership and LLC allocations
  • Other provisions of the Tax Cuts and Jobs Act of 2017, with emphasis on its impact on pass-throughs and their owners

Objectives

  • Identify current issues that practitioners are most often called on to address
  • Be familiar with planning techniques employed in dealing with the life cycle of pass-through entities
  • Distinguish the roles S corporations and partnerships/LLCs play in the changing tax environment
  • Evaluate the impact of the Tax Cuts and Jobs Act of 2017 on pass-through entities
  • Be familiar with the results of the case studies that reinforce key learning points

Prices

Member (Early Bird)
$295.00
Non-Member (Early Bird)
$395.00
Member
$345.00
Non-Member
$445.00
Your Price: $395.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. Early Bird rates will be applied to all registrations made prior to October 16, 2019.

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$25.00

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Instructors

Arthur Auerbach, CPA, CGMA

Arthur Auerbach, CPA, is a retired tax consultant from Goodman and Company of McLean, VA and Atlanta, (now Dixon Hughes Goodman) specializing in tax consulting and financial planning for individuals and closely held businesses. He is a member of the Georgia Society of Certified Public Accountants, the Virginia Society of Certified Public Accountants, the Greater Washington Society of Certified Public Accountants, and the New York State Society of Certified Public Accountants. He is a former member of the AICPA Individual Tax Resource Panel, the Tax Commissioners Liaison committee member of the Virginia Society of Certified Public Accountants, and also served as a member of the Advisory Board for the District of Columbia Office of Tax Revenue. He is a past chair of the Virginia Society Tax Committee. Additionally, he is a nationally recognized lecturer on a variety of tax topics for the continuing education requirement for CPAs.

Over the course of 40-plus years, Mr. Auerbach has managed a tax department, and has taught intermediate and cost accounting at Pace University as an adjunct professor. He was an editor for the Tax Research Institute of America. He has also authored several articles for trade association periodicals and he has recently appeared on television evening news programs, answering various tax questions. He is a current editor for the Journal of Accountancy.

Mr. Auerbach holds a BBA degree in accounting from Pace University in New York.

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