Tax Forms Boot Camp: LLCs, Partnerships and S Corporations

The start date for this course has passed. Registration is no longer available.

This course is 8.00 credits
Facility Name
Sheraton Framingham
Facility Address
1657 Worcester Rd
Framingham, MA 01701-5403
Fields of Study
CFP, Tax
Course Level
Surgent McCoy CPE LLC

Registration Fees

MSCPA Member
AICPA Member
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Tuesday, Jan 9, 2018
8:45am – 4:30pm

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The course provides a comprehensive understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course and instruction delivery is geared toward the basic understanding and progresses to complex issues. The boot camp allows staff to discover the connections and alterations of these widely held entity structures, while also providing a valued reference for the participant's future use. This course has been updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015.

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1113013 
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Designed For

All levels of staff and company controllers responsible for filing these forms

Course Objectives

 Understand in detail how to prepare Form 1120S, Schedules M-1, K, and K-1  Understand in detail how to prepare Form 1065, Schedules M-1, K, and K-1  Identify and handle commonly found S corporation and partnership tax issues

Major Subjects

 Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation  Gain a comprehensive understanding of income tax laws for S corporations from eligibility and election, to tax return preparation, stock basis, and loss limitation issues  Recognize and properly handle special pass-through items of income and expense  Accurately prepare S corporation returns and reconcile book income to taxable income  Accurately prepare partnership returns and reconcile book income to taxable income  Properly handle the tax treatment of distributions to shareholders, partners, or members  Understand the special restrictions and sanctions for tax year end selection  Review the basics of partnership and LLC formation and basis calculation  Self-employment tax or NOT, for each entity  Filling in K-1s correctly for S corporations, partnerships, and LLCs  How the Affordable Care Act affects tax returns  The most frequently used forms and schedules, included 'filled-in'

The start date for this course has passed. Registration is no longer available.