Events Search
  Summary & Check Out (0)
Tuesday, December 20, 2022 Live Webcast

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent (E2212061)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8 CPE Credits in TX

OVERVIEW

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated to reflect enacted legislation.

DESIGNED FOR

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employers

BENEFITS

  • Understand the major issues on which taxpayers and the IRS are in conflict
  • Understand recent IRS guidance and legislation impacting pass-through entities

HIGHLIGHTS

  • Comprehensive coverage of the Inflation Reduction Act, including: The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, and Credit for Qualified Commercial Clean Vehicles
  • Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
  • Retirements and redemptions: considerations for partnerships and S corporations
  • Timely coverage of breaking tax legislation
  • Schedules K-2 and K-3 reporting requirements, including the 2022 domestic filing exception and Form 1116 exemption
  • Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, with examples of how to calculate stock basis
  • Overview of the economics and tax consequences of crowdfunding campaigns
  • Selected Practice and Reporting Issues: What’s new?
  • A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
  • New Form 1099-K reporting requirements
  • Bonus depreciation
  • Section 163(j)
  • Section 174 research & experimental expenditures
  • New FinCEN reporting requirements in 2024
  • Employee vs independent contractor considerations that companies should be aware of
  • A review of like-kind exchange transactions under §1031
  • State and local taxes: pass-through entity workarounds
  • Special basis adjustments, including comprehensive examples

COURSE LEVEL

Update

PREREQUISITES

Experience with pass-through entity clients

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.