The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent
Overview
This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.
Highlights
- Discussion of key individual provisions of the One Big Beautiful Bill Act, such as TCJA provisions made permanent, new tip income deduction, new overtime pay deduction, Trump accounts, and the expanded SALT cap
- Comprehensive coverage of business provisions of the One Big Beautiful Bill Act, including but not limited to:
- Bonus Depreciation made permanent
- Increased §179 deduction
- Changes to §174 R&E Expenditures
- Changes to §163(j)
- Form 1099/1099-K changes
- Qualified Small Business Stock Exclusion
- Excess Business Loss Limitation
- Section 1244 Small Business Stock and Section 1202 Qualified Small Business Stock treatment and applicability
- Principles and considerations for nonresident withholding, composite payments, and passthrough entity taxes
- Partnership Distributions, Form 7217, and S Corporation Redemptions
- Thinking beyond §163(j) -- Interest Allocation Rules, Original Issue Discount, Applicable High Yield Discount Obligations, Convertible Corporate Debt Instruments, and Debt-Financed Distributions
- Timely coverage of breaking tax legislation
- Selected Practice and Reporting Issues: What’s new?
- A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
- Decentralized Autonomous Organizations (DAOs)
Prerequisites
Experience with pass-through entity clients
Designed For
All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employers
Objectives
- Understand the major issues on which taxpayers and the IRS are in conflict
- Understand recent IRS guidance and legislation impacting pass-through entities
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education.
Leader(s):
Leader Bios
David Peters, Founder & Owner, Peters Professional Education LLC
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
David Peters is the Founder and Owner of Peters Professional Education. He is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He brings over 20 years of experience in financial services, including three years in the hedge fund industry and six years in insurance.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years. David holds four master's degrees. contributes frequently to professional publications and is a nationally recognized CPE instructor and discussion leader for Surgent seminars and a former instructor for Don Farmer.
David received the AICPA Outstanding Facilitator Award in 2021, 2023, and 2024 as well as Surgent's Outstanding Discussion Leader awards in 2019 and 2022. He also co-authored the Virginia CPA Ethics course in 2018, 2019, and 2020, which is a requirement for all CPAs licensed in Virginia. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
Non-Member Price $349.00
Member Price $299.00