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Monday, November 29, 2021 Live Webcast

Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs (E2111471)

9:00 AM - 4:30 PM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

8 CPE Credits in TX

OVERVIEW

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.

DESIGNED FOR

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

BENEFITS

  • 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.

HIGHLIGHTS

  • Wrapping up issues related to COVID-19 legislation
  • Update on latest cases, rulings, and regulations including the final regs
  • 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

COURSE LEVEL

Intermediate

PREREQUISITES

A basic course in partnership theory and S corporation theory

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

INSTRUCTOR

John Evanich

John L. Evanich, CPA

Surgent Professional Education

John L. Evanich, Jr., CPA, is a retired tax partner, formerly with CohnReznick, LLP - the 10th-largest CPA firm in the country. For more than 40 years, John specialized in working with professional service businesses, LLCs, LLPs, and S corporations on tax planning and other tax matters important to them. John has represented taxpayers on hundreds of IRS appeals and court petitions. With over 40 years of experience in public accounting, John is a past president of the Connecticut Society of CPAs (CTCPA), a past member of their Board of Governors, and a former trustee of their Educational Trust Fund. He is also a former member of AICPA Council. Mr. Evanich has lectured and written extensively on tax issues, both locally and nationally. He is a member of the American Institute of CPAs. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. He has also served as chairman of many CTCPA committees, most notably the Federal Taxation, State Taxation, Public Relations, and Technical Consultation Services committees. John has also testified on tax matters of concern to middle- and upper-income taxpayers, as well as small businesses, before the Ways and Means Committee of the U.S. House of Representatives, as well as various Connecticut state legislative committees. Mr. Evanich received a bachelor’s degree in accounting with honors from the University of Bridgeport, Connecticut and completed all course work in the Master’s in Taxation program at Pace University in New York City.