Annual Tax-Planning Guide for S Corporations, Partnerships and LLCs
283 | 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.
A Live Stream version of this event is available here.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
| 6.75 | CLE |
Designed For
Accounting and Financial Professionals 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 including the final regs
- Legislative update on retirement plan changes of the SECURE Act 2.0
- How to handle liabilities of LLCs
- Planning opportunities and pitfalls in determining basis and amounts at risk - recourse and nonrecourse debt issues for LLCs, and much more
- Section 199A pass-through deduction planning
- Partnership planning - Structuring partnership distributions and transfers of interests
- Optional basis adjustments - 754 and 732(d)
- Planning for the utilization of 179 and for the scheduled phase out of bonus depreciation beginning in 2023
- 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
- A brief look at possible future changes to the taxation of pass-through entities
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 recent legislation, guidance, and judicial decisions
- Identify planning opportunities under current laws and regulations
- Be familiar with the results of the case studies that reinforce key learning points
- Be familiar with retirement plan provisions of the SECURE Act 2.0
Prices
- Member (Early Bird)
- $299.00
- Non-Member (Early Bird)
- $399.00
- Member
- $349.00
- Non-Member
- $449.00
Instructors
Randy Newton, CPA
Randy C. Newton, CPA, CVA, licensed as a CPA in North Carolina and South Carolina, is president and founder of NewtonCPA, PLLC. Randy's area of expertise is in Corporate, Partnership, and Individual Income Tax Preparation -- utilizing a proactive tax planning model that streamlines, simplifies, and works to reduce tax liabilities for small taxpayers.
In addition, he specializes in IRS representation work plus tax planning and research. He also has specialty areas in Business Valuation, as well as Financial Planning. Prior to the creation of his own firm, Randy worked with First Union National Bank (now Wells Fargo) in the Corporate Accounting and Capital Markets Divisions.
Randy received his Accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society. As a CVA, Randy can place a certified value on closely held businesses for business owners seeking to sell, buy, or merge, or going through an ownership change.
Randy is a member of the North Carolina Association of CPAs (NCACPA), former twotime president of the Charlotte Chapter of the NCACPA, and an active member of the American Institute of CPAs (AICPA).
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