Course

S Corporations: Stock & Loan Basis & More - Virtual Only

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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

  • Accounting
  • 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

After much thought, MSCPA has decided to take all our CPE Classes till the end of December 2020 to virtual, this includes all conference. The risk of COVID-19 is just too high and we would not want any of you to get sick at one of our classes. All materials will be electronic.

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, including the CARES Act and COVID-19 developments, on the tax filings of S corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations. Qualifies for 2 hours of A&A

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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