Event Description

Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.

Designed For

All accounting and financial professionals needing a good year-round update on recently issued standards.

Objectives

Participants will be able to apply the provisions of recently issued accounting, auditing, preparation, compilation, and review pronouncements.

Major Subjects

Timely coverage of breaking tax legislation Filing requirements for Schedules K-2 and K-3 Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations At-risk and passive activity loss considerations Basis planning Related party transactions: making them work Income splitting and shifting with family can create considerable benefits Sale of ownership interest and NIIT considerations

Prerequisites

General accounting or auditing knowledge