Partnership & S Corporation Checkup: Key Developments

Overview

The presentation includes an in-depth discussion of the when the Forms 1065 and 1120S, Schedules K-2 and K-3 must be completed, as well as important developments for filing 2021 flow-through entity tax forms and other recent developments impacting both partnership and S corporation entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:

• IRS enforcement against partnerships
• New K-2 and K-3: 2021 partnership and S corporation tax forms on foreign transactions
• Sale/merger of a partnership
• The new Sub S Form 7203 - shareholder basis computation
• S corporation compensation
• PPP loans and the Forms 1065 and 1120-S

Prerequisites

Basic working knowledge of partnership and S corporation taxation.

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments impacting partnerships and S Corporations.

Objectives

After attending this course, you will be able to...

• Apply recent changes to forms and related schedules for partnership and S corporation returns
• Apply planning strategies and recent developments when preparing client returns

Preparation

None