Objective
- Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120-S
- Understand advanced technical practice issues facing practitioners today
Highlights
- Schedules K-2 and K-3 and filing exceptions
- Form 7203
- IRS Tax Pro Account
- IRS modernization initiatives
- Information Returns Intake System (IRIS)
- Identity Theft warnings
- IRS guidance for the marijuana industry
- “Recycled” Form 1099-NEC to report nonemployee compensation
- Form 1065 steps for reporting capital
- Centralized audit regime; late filing penalties and small partnership relief
- “Substance over Form” argument of shareholder loans
- Advanced study of “At-Risk” loans
- Employer W-2 correction requests
- White House 2024 Budget Points
- 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
Accounting and Finance Professionals who are involved in planning, preparing, or reviewing complex returnsPrerequisite
Basic- to intermediate-level experience in preparing Forms 1120-S and 1065Advanced Preparation
None