PLPS
THE COMPLETE GUIDE TO PREPARING LIMITED LIABILITY COMPANY, PARTNERSHIP, AND S CORPORATION FEDERAL INCOME TAX RETURNS

This unique course will enable the practitioner to learn in one day how to prepare LLC, S corporation, and partnership tax returns. The course focuses on case studies to explore the similarities and differences of these popular entity structures.

Major topics include:

  • Preparation of Form 1120S -- The important practical issues in filing this form
  • Basis and distribution issues of S corporation shareholders
  • Preparation of Form 1065 for partnerships, LLCs, and LLPs, and understanding the important differences between these entity structures
  • Understanding the significant tax benefits and complications of using partnerships, LLCs, and LLPs
  • Filling in the new K-1s correctly for S corporations, partnerships, LLCs, and LLPs
  • Tax-planning strategies for depreciation deductions
  • Problems and issues relating to §199 deduction data on the K-1
  • Practical tips and planning issues
  • All forms and schedules included

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

Level of knowledge: Basic

Field of study: Taxes