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Surgent's Technical Business Practice Issues and Tax Forms for Experienced Practitioners

  • 01/14/2022
  • 8:00 AM - 4:00 PM
  • ATFB-2022-01-WEBNR-14-01

Registration


Registration is closed
Don’t let the title frighten you. It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff avoid costly mistakes by addressing advanced preparation issues when dealing with flow-through entities such as S corporations, LLCs, and partnerships.

Objectives:

  • Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120S
  • Understand advanced technical practice issues facing practitioners today
Topics Discussed:
  • Advanced technical practice and reporting issues for business entities
  • Individuals are NOT the only victims of Identity Theft
  • Marijuana industry may expect increased tax compliance efforts
  • New Form 1065 steps for reporting capital
  • New partnership reporting for property contributions
  • Late filing penalties and small partnership relief
  • What is terminating S corporations today?
  • “Substance over Form” argument of shareholder loans
  • Advanced study of “At-Risk” loans
  • Employer W-2 correction requests
  • To Deduct or Not to Deduct -- When a taxpayer receives a PPP loan
  • White House 2021 Budget Points
  • On-Demand Payroll issues and other off-the-beaten-path business practice issues
  • Reporting eligible §1231 gains from Qualified Opportunity Zone Business Property 
  • Don't get caught watching the paint dry -- What is hot and new
  • What is terminating S corporations today?
  • Special allocation issues of §704
  • Final regulations for allocating depreciation recapture to partners and members of LLCs
Designed for: CPAs who are involved in planning, preparing, or reviewing complex returns

Level: Advanced

Instructor: Lori Scarlat, CPA

CPE Credits: 8

Area of Study: Taxes (Technical) (8)

Prerequisite: Basic- to intermediate-level experience in preparing Forms 1120S and 1065


Visit Us:

3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727
Email: info@ndcpas.org

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