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Pass Through Entities Bootcamp

Author/Moderator: Brian Greenstein, Ph.D, Robert Ricketts, Ph.D., CPA, and Larry Tunnell, Ph.D., CPA
Publisher: AICPA
Availability: In Stock ? Low Inventory
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Previously titled: Complete Guide to Preparing Limited Liability Company, Partnership and S Corporation Federal Income Tax Returns

This course will provide you with a foundation of tax principles and rules applicable to pass-through entities under IRC Subchapter K and Subchapter S an overview: S Corporations, Partnerships, and LLCs. More detailed content for S Corporations is available in AICPA course specific only to Subchapter S. More detailed content for Partnerships and LLCs is available in ACIPA course specific to Subchapter K.

Topics Discussed

  • Summary of Major Corporate Tax Developments
  • S Corporations - Qualifications, Election, and Corporate Level Taxes
  • S Corporations - Basis, Operations, and Distributions
  • Section 1244 Stock and Formation of a Corporation
  • Personal Service Corporations and Limited Liability Companies
  • Accounting Methods
  • Salaries and Deferred Compensation
  • Expensing v. Capitalization
  • Expenses: Bad Debts, Rent, Taxes, Interest, Charitable, and Thefts
  • Amortization, Depreciation, and §179
  • Retirement Plans
  • Employee Benefit Programs
  • Passive Activity Loss and At-risk Limitations
  • Tax Credits
  • Compliance Matters
  • Tax Consequences of Partnership/LLC Formation
  • Partnership Distributions
  • Reporting Taxable Income for Partnerships and LLCs

Learning Objectives:
This course will help you acquire the skills required to prepare non-complex income tax returns for these entities. The content of the course will assist you in identifying what information is required from the accounting system and what questions to ask of managers or business owners in order to prepare accurate returns and provide proper disclosures.

Prerequisite: None

Advanced Preparation: None


NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 25.5
Pass Through Entities Bootcamp
Product# 734610
Availability: In Stock ? Low Inventory
AICPA Member:$195.00
Your Price:$243.75
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