Technical Business Practice Issues and Tax Forms for Experienced Practitioners

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. With three major Acts passed in the span of less than eighteen months, this course will help experienced staff focus on the essential amidst the cacophony of changes and avoid costly mistakes.This course brings to the forefront advanced preparation issues, from individual returns to flow-through entities such as S corporations, LLCs, and partnerships.


  • 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


  • IRS challenges, urgency for modernization
  • Individuals are NOT the only victims of Identity Theft. Heightened security measures during increased telecommuting associated with coronavirus pandemic
  • IRS finally releases guidance for the marijuana industry
  • "Recycled" Form 1099-NEC to report nonemployee compensation
  • Form 1065 steps for reporting capital
  • Schedules K-2 and K-3 reporting requirements
  • Centralized audit regime; late filing penalties and small partnership relief
  • What is terminating S corporations today?
  • “Substance over Form” argument of shareholder loans
  • Advanced study of “At-Risk” loans
  • Employer W-2 correction requests
  • Don't get caught watching the paint dry -- What is hot and new
  • What is terminating S corporations today?
  • Special allocation issues of §704
  • Final regulations for allocating depreciation recapture to partners and members of LLCs

Additional Information

Designed For

CPAs who are involved in planning, preparing, or reviewing complex returns



Advanced Preparation



8.00 Taxes


Basic- to intermediate-level experience in preparing Forms 1120S and 1065

Course Number


Level of Knowledge


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