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8 CPE

Surgent's Technical Business Practice Issues and Tax Forms for Experienced Practitioners

This is a text-based course

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8 CPE

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This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

 Don’t let the title frighten you. It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff focus on the essential amidst the cacophony of IRS and legislative changes and avoid costly mistakes. This course brings to the forefront advanced preparation issues, from individual returns to flow-through entities such as S corporations, LLCs, and partnerships.

Learning Objectives

  • Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120-S
  • Understand advanced technical practice issues facing practitioners today

Major Topics

  • Schedules K-2 and K-3 and filing exceptions
  • Form 7203 
  • IRS Tax Pro Account 
  • IRS modernization initiatives
  • Information Returns Intake System (IRIS)
  • Identity Theft warnings  
  • IRS guidance for the marijuana industry 
  • “Recycled” Form 1099-NEC to report nonemployee compensation 
  • Form 1065 steps for reporting capital 
  • Centralized audit regime; late filing penalties and small partnership relief 
  • “Substance over Form” argument of shareholder loans 
  • Advanced study of “At-Risk” loans 
  • Employer W-2 correction requests 
  • White House 2025 Budget Points 
  • Don't get caught watching the paint dry -- What is hot and new 
  • What is terminating S corporations today? 
  • Special allocation issues of §704 
  • Final regulations for allocating depreciation recapture to partners and members of LLCs 

CPE Credits Available

8 CPE
8
Taxes

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Tax
  • Enrolled Agent - IRS Credit Eligible

Prerequisites

Basic- to intermediate-level experience in preparing Forms 1120-S and 1065

Advanced Preparation

None

Intended Audience

Accounting and Finance Professionals who are involved in planning, preparing, or reviewing complex returns

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 159 159
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  • COCPA Non-Member

    $ 207 207
    Your Price

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