TPGS
SURGENT McCOY'S 2007 ANNUAL TAX-PLANNING GUIDE FOR
S CORPORATIONS, PARTNERSHIPS, AND LLCS
The purpose
of this practical course is to focus on planning issues in creating, operating,
and liquidating S corporations, partnerships, and LLCs. This course is
essential for CPAs in public accounting and industry who advise these
entities or their investors.
Major topics include:
- Update on latest cases, rulings, and regulations
- How to handle liabilities of LLCs
- Planning opportunities and pitfalls in determining basis -- recourse and nonrecourse debt issues for LLCs, and much more
- Partnership planning -- Structuring partnership distributions and transfers of interests
- Optional basis adjustments -- §§754 and 732(d)
- Basis and distribution issues in the S corporation
- Redemptions and liquidations of S corporations
- Compensation in S corporations
- Sale of a partnership -- the best planning concepts
- What you need to know about family pass-throughs -- Estate planning, family income splitting, and compensation planning
- Making the manufacturers’ deduction work
- Late-breaking tax legislation
Designed
for: CPAs in public accounting and industry
who want to learn planning strategies relevant to S corporations, partnerships,
and LLCs.
Level
of knowledge: Intermediate
Field
of study: Taxes
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