2016 Tax-Planning Guide For S Corporation, Partnerships & LLCs [TPGS]

Sep 21, 2016
Time: 8:00 am-4:00 pm



Credit Hours:



Member: $295.00
Non-member: $445.00

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Discussion Leader:

Susan Smith, CPA    more info

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master's taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Smith is a two-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

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Website registration for this course closes on September 14, 2016. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

2016 Annual Tax-Planning Guide For S Corporation, Partnerships & LLCs (TPGS)

September 21, 2016

Pikes Waterfront Lodge
1850 Hoselton Road
Fairbanks, AK

For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

As long as LLCs, partnerships, and S corporations form the backbone of many CPAs practices, in-depth knowledge of all tax aspects of these entities will be essential. 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:
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
The growing use of targeted allocations
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
Partnership and LLC allocations
Late-breaking tax legislation, with emphasis on its impact on pass-throughs and their owners

Learning Objectives:
Identify current issues that practitioners are most often called on to address
Be familiar with planning techniques employed in dealing with the life cycle of pass-through entities
Distinguish the roles S corporations and partnerships/LLCs play in the changing tax environment
Be familiar with the results of the case studies that reinforce key learning points

Designed For: CPAs in public accounting and industry who want to learn planning strategies relevant to S corporations, partnerships, and LLCs

CPE Credits: 8, Taxation

Level of Knowledge: Intermediate

Prerequisite: A basic course in partnership theory and S corporation theory

Acronym: TPGS

Discussion Leader: Susan Smith, CPA