Self-Study

Key Partnership and S Corporation Tax Planning Strategies Download

  • Saturday, May 1, 2021 – Saturday, April 30, 2022

  • 4.00
    CREDITS
    Taxes

Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.

Objectives

  • Understand how the strategies and techniques in business-related tax planning are modified for pass-throughs
  • Understand the special problems when transactions involve the business, its investors, and related businesses and individuals

Highlights

  • New Tax Basis Capital Account reporting requirements
  • The Families First Coronavirus Response Act ("FFCRA"), including the Emergency Family and Medical Leave Expansion Act, Emergency Paid Sick Leave Act, and Payroll Tax Credits
  • The Coronavirus Aid, Relief, and Economic Security ("CARES") Act, including Paycheck Protection Program loans, the Employee Retention Tax Credit, and new rules regarding Excess Business Losses, Section 163(j), and Qualified Improvement Property
  • Relevant changes from The Tax Cuts and Jobs Act of 2017 including detailed treatment of Section 199A
  • Basis planning
  • Related party transactions: making them work
  • Income splitting and shifting with family can create considerable benefits

Additional Information

Designed For

All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies

Vendor

Surgent

Advanced Preparation

None

Credits

4.00 Taxes

Prerequisite

Experience with business clients

Course Number

2124988

Level of Knowledge

Intermediate

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