Course

S Corporations: Stock & Loan Basis & More

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Event Details

Tuesday, August 18, 2020

8:00am – 4:00pm
(Registration: 7:30am)

Location

Holiday Inn

1100 5th St S

Great Falls, MT 59405

406-727-7200

Field of Study

  • Taxes

CPE Credit

8 hours CPE credit

Course Code

SCOPE-25

Instructor

Level of Knowledge

Intermediate

Vendor

Van Der Aa Tax Ed LLC

Prerequisites

Basic working knowledge of S corporations.

Description

This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting. The impact of recent legislation on the tax structure of S and C corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations.

Highlights

  • Recent tax legislation, rulings and developments affecting Partnerships and LLCs
  • Basis and capital account reporting on Form 1065 Schedule K-1
  • The impact of the Section 199A deduction on partnerships and LLCs
  • New Section 163(j) interest expense deduction
  • New rules on meals and entertainment expense reporting
  • Transportation fringe benefits
  • New partnership audit rules
  • Opportunity zone
  • Section 754 self-employment tax

Objectives

Upon completion of this course you will be able to:

  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Discuss the impact of the new Section 199A deduction on partnerships
  • Apply planning opportunities and potential pitfalls

Designed For

Experienced practitioners with S corporation clients and members in industry working for an S corporation or those seeking and update on thorny S corporation issues.

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