REGISTRATION STATUS:
Online Registration for this event is closed. Please contact your Program Associate or Customer Services.
This training course is the third in a three-part series and is designed to provide a comprehensive understanding of the taxation of S corporations, partnerships, LLCs and LLPs and their owners. The cornerstone of this course is the integration of the most recent tax laws and theories to real-world case scenarios through the preparation or review of the IRS tax forms and practice aids.
| Monday, November 09, 2009 - Wednesday, November 11, 2009 |
| 8:30 AM - 4:30 PM (Registration at 7:30 AM) |
| South San Francisco Conference Center, South San Francisco |
| San Francisco Airport |
24.0 CPE (Continuing Professional Education)
24.0 CTEC Federal Hours
24.0 Enrolled Agents |
Daniel Deighton CPA
|
| Garverick CPE LLC |
| Taxes |
| Group Live |
| Intermediate |
| $945 CalCPA Members, $1,245 Nonmembers |
| $159 |
| $159 |
Walk away with a comprehensive understanding of the ins and outs of the pass-through entity.Become familiar with the most recent tax laws that affect the pass-through entity.Compare and contrast the S-corporation, partnership, LLC and LLP.
- Schedule K and K-1--preparation issues including separately and non-separately stated income and expense items
- Compare/contrast S corp and partnership formations, liquidations and distributions rules
- Comprehensive manual that can be used as a reference guide
- Tax treatment of pass-thru entity fringe benefits
- Deductibility of losses including basis, at-risk & passive activity loss limitations
- Determining required taxable year ends for pass-thru entities
- S Corporations (Form 1120S):
- Schedule M-1 (including Schedule M-3), Schedule M-2 (AAA, OAA & PTI) issues including net negative adjustment years
- Calculation of a shareholder's stock & debt basis
- Unreasonably low compensation problems
- Built-in-gain tax, net passive investment income tax and LIFO reserve problems
- Taxability of distributions and how it affects AAA, OAA, PTI and prior C corporation E&P
- Partnerships & LLCs (Form 1065):
- Check-the-box regulations
- Guaranteed payments
- Self-employment tax issues & pitfalls
- Special allocations & substantial economic effect
- Allocation of recourse & non-recourse debt
- Calculation of a partner/member's outside basis
- Overview of §754 optional basis adjustments
CPAs who have a basic understanding of the pass-thru entity (3-5 years of experience) but in need of a course that takes them to the next level.
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