The Best S Corporation, Limited Liability & Partnership Update by Surgent
8.00 Credits
Member Price $340.00
Non-Member Price $440.00
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. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.
Major Topics
- Comprehensive coverage of the Inflation Reduction Act, including:
- The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, §45L New Energy Efficient Home Credit, Elective Payment, Transferability, and Prevailing Wage and Apprenticeship Requirements
- Principles and considerations for nonresident withholding, composite payments, and passthrough entity taxes
- Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
- Thinking beyond §163(j) -- Interest Allocation Rules, Original Issue Discount, Applicable High Yield Discount Obligations, Convertible Corporate Debt Instruments, and Debt-Financed Distributions
- Retirements and redemptions: considerations for partnerships and S corporations
- Timely coverage of breaking tax legislation
- 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
- Form 1099-K reporting requirements
- Bonus depreciation in 2024
- Section 174 Research & Experimental Expenditures -- new guidance under Notice 2023-63 and Notice 2024-12
- New FinCEN reporting requirements in 2024
- A review of like-kind exchange transactions under §1031
Learning Objectives
- Understand the major issues on which taxpayers and the IRS are in conflict
- Understand recent IRS guidance and legislation impacting pass-through entities
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 employersLeader(s):
Leader Bios
Randy Newton
Randy C. Newton, CPA, CVA, licensed as a CPA in North Carolina and South Carolina, is president and founder of NewtonCPA, PLLC. Randy’s area of expertise is in Corporate, Partnership, and Individual Income Tax Preparation – utilizing a proactive tax planning model that streamlines, simplifies, and works to reduce tax liabilities for small taxpayers. In addition, he specializes in IRS representation work plus tax planning and research. He also has specialty areas in Business Valuation, as well as Financial Planning. Prior to the creation of his own firm, Randy worked with First Union National Bank (now Wells Fargo) in the Corporate Accounting and Capital Markets Divisions. Randy received his Accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society. As a CVA, Randy can place a certified value on closely held businesses for business owners seeking to sell, buy, or merge, or going through an ownership change. Randy is a member of the North Carolina Association of CPAs (NCACPA), former twotime president of the Charlotte Chapter of the NCACPA, and an active member of the American Institute of CPAs (AICPA).
Non-Member Price $440.00
Member Price $340.00