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Tax Fundamentals of LLCs and Partnerships, Tax Staff Essentials, Level 2 Experienced Staff

Author/Moderator: Robert Ricketts, Ph.D., CPA & Larry Tunnell, Ph.D., CPA
Publisher: AICPA
Availability: Online Access
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This comprehensive course is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations.

Topics Discussed:

  • Formation of corporation and Section 1244 stock
  • Income: dividends, interest, rentals, capital gains
  • Salaries, employee benefits and retirement plans
  • Economic performance and other deductions
  • Net operating losses
  • Personal Service Corporations
  • Tax rates, AMT, and tax credits
  • Case studies for tax return preparation
  • Financial turmoil and bankruptcy

Learning Objectives:
When you complete this course you will be able to:

  • Identify the benefits of forming a corporation.
  • Apply the rules for transfer of assets and liabilities to a new corporation.
  • Review the accounting methods available to a corporation.
  • Understand reasonable compensation issues with respect to a C corporation and to S corporation shareholder-employees.
  • Analyze the best retirement plan recommend for a corporation.
  • Recognize economic performance, including issues and deduction limitations related to bad debts, rent, tax, and interest expense.
  • Determine the availability of tax credits and other entitlements related to retirement plans for a corporation.
  • Accurately apply financial turmoil and bankruptcy rules

Prerequisite: Three to five years of tax experience

Advanced Preparation: None.

NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: 13
Tax Fundamentals of LLCs and Partnerships, Tax Staff Essentials, Level 2 Experienced Staff
CPE On-Demand , 2014
Product# 157670
Availability: Online Access 1 Year
For registered users only
AICPA Member:$329.00
Your Price:$389.00
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