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Friday, November 3, 2017 Live

K-1 Boot Camp for S Corporations and LLCs (E1711241)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

Schedule K-1 has evolved into the universal correspondent of tax information to business owners. Through practical case studies, take a deeper look into the vastness of Schedule K-1. The seminar will be advantageous to those who prepare complicated federal individual income tax returns, and for those who prepare the underlying Schedules K-1 for pass-through entities.

DESIGNED FOR

Experienced CPAs seeking an in-depth study of these ubiquitous tax schedules.

BENEFITS

  • Understand complicated issues of S corporation and LLC Schedule K-1 reporting issues
  • Complete a comprehensive problem related to “at-risk” recapture
  • Be familiar with common and not-so-common Schedule K-1 issues

    HIGHLIGHTS

    • Review of Forms 1065 and 1120S Schedules K-1
    • Special allocation issues of §704
    • Determining substantiality
    • Advanced case for tracking a multitude of Schedule K-1 line items through Form 6251
    • Case study finding “at-risk” hidden gains within Schedule K-1
    • Self-employment taxable income
    • Partners’ capital accounts and method of maintaining them
    • When sales of depreciable property are not reported on Form 4797
    • Proper allocation of recourse and non-recourse liabilities
    • Finding hidden gains within partnership/LLC and S corporation Schedule K-1
    • The options taxpayers have if they receive a Schedule K-1 that includes an error

    COURSE LEVEL

    Intermediate

    PREREQUISITES

    Basic knowledge of federal taxation.

    ADVANCE PREPARATION

    None

    ADDITIONAL NOTES

    NJCPA Goes Green - Registrants Save $20
    New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.
    Help Feed Those in Need
    • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.

    INSTRUCTOR

    Brian Greenstein

    Brian R. Greenstein, Ph.D.

    Surgent Professional Education

    Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice. Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. 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 written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes -- The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process.

    PRICING

    $299.00 - Member

    $399.00 - Nonmember

    Event Cancelled

    This event has been cancelled.

    ADDITIONAL OPTIONS

    Print a registration form

    COURSE DEVELOPER

    Surgent