CPE Course Information
General Information
Course Number: | 0211322 |
Course Title: | In Person & Webinar: Surgent Tax Forms Boot Camp - LLCs, PTs, and S-Corps |
Description: | If you are having issues logging into the webinar Please use the following phone number: Clare Shaw 215.694.5590 Please note: If you choose the CPE only option for this meeting, you are choosing to attend virtually via webinar. Webinar Bundle not valid on this webinar. This course provides a comprehensive, hands-on, pencil pushing understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course uses the basic concepts underlying the two main types of business returns: 1120S and 1065 as building blocks for the more complex concepts tax preparers should be aware of. The theoretical concepts get illustrated in comprehensive examples that incorporate the most up-to-date law changes and provisions, including those of CARES Act, Tax Relief Act, ARPA as they specifically apply to Forms 1065 and 1120S. Very importantly, this course covers the concepts behind the newly enacted transactional method for partnerships, 'behind-the-scenes' reconciliations and hands-on examples of presenting reporting partners' capital accounts per these provisions. Major Topics: • 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 • What the transactional method entails and how to report partners' capital accounts under this method • 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. Major changes in K-1 reporting on both partnership and S corporation forms and content • The most frequently used forms and schedules, including some form "oddities" Learning Objectives • Learn in detail about the preparation of Form 1120S, Schedules M-1, K, and K-1 • Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1 • Identify and handle commonly found S corporation and partnership tax issues Designed for: All levels of staff and company controllers responsible for filing these forms |
Speaker: | Nicole M. DeRosa, CPA, MAcc |
Knowledge Level: | Basic |
Sponsor: | PSTAP - Buxmont Chapter |
Date: | 11/10/2022 |
Number of Days: | 1 |
Location: | Trevose, Radisson Hotel Philadelphia Northeast |
Address: |
2400 Old Lincoln Highway 1/4 Mile South of PA Turnpike Interchange 351 Trevose, PA 19053 |
CPE Credits: | 8 Credits Tax (Federal) |
Host Chapter(s): | Buxmont |
Meal: |
Day 1 Choices Braised Beef Tips w/Thyme Demi Glaze Roasted Salmon w/Ginger Soy (Veg. option) Apple Craisin Walnut Salad |
Registration Information
Registration Begins: | 7:00 a.m. |
Start Time: | 8:00 a.m. |
End Time: | 4:30 p.m. |
CPE Only Pricing
CPE Only Member Rate: | 225.00 |
CPE Non-Member Rate: | 260.00 |
Early Bird Pricing
Early Bird Deadline: | 10/28/2022 |
PSTAP Member Rate: | 210.00 |
Non-Member Rate: | 290.00 |
Pricing
PSTAP Member Rate: | 255.00 |
Non-Member Rate: | 290.00 |
Cancellation Policy
Cancellations received after Nov. 4 , 2022 will be refunded less a $25 service fee. No show, no refund - no exceptions. |
Additional Information
Directions to all CPE Locations |
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