Event Detail

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Jul
31
Wednesday
Jul
31
Wed
Industries :: Business & Professional Services also Legal & HR :: Professional Development
LLC's & Partnerships in Depth
8:00 AM
Best Western Premier Helena Great Northern Hotel
Description:
Updated for the new partnership regulations as well as the Tax Cuts and Jobs Act, this course discusses partnership taxation through the formation rules (including accounting entries) S and C elections, troublesome issues on self-employment tax, adding partners and granting interests for services, the operating tax issues encountered such as partner fringe benefits, pension plans, guaranteed payments and income allocations, in-discussion of the 20% flow-through deduction and concludes with a review of unusual items such as detailed guidance, with examples, on the 754 step-up basis election.

Objectives

Upon completion of this course, you will be able to-Prepare individual tax returns for partnerships and LLCs; Provide clients with the characteristics, advantages, and disadvantages of LLCs; Advise clients on forming a partnership or an LLC; Advise clients about methods of accounting and partnership/LLC tax returns; Properly treat partner and partnership items with regard to basis and calculate a partner’s basis; Advise clients on the proper treatment of members leaving an LLC and selling their interest.
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Age Group: All Ages
Tags: # HELENA
Venue: Best Western Premier Helena Great Northern Hotel
Address: 835 Great Northern Blvd, Helena, MT 59601
Phone: (406) 457-5500

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