PLPS
THE COMPLETE GUIDE TO PREPARING LIMITED LIABILITY COMPANY, PARTNERSHIP, AND S CORPORATION FEDERAL INCOME TAX RETURNS
This unique course will enable the practitioner to learn in one day how to prepare S corporation, LLC/partnership tax returns. The course focuses on an identical trial-balance-to-completed--tax-return case study prepared on both Form 1120S and Form 1065, allowing one to explore the similarities and differences of these popular entity structures.
Major Topics
- Preparation of Form 1120S -- The important practical issues in filing this form
- Surgent McCoy's 6-Step Guide to preparing 'perfect' S returns
- Basis and distribution issues of S corporation shareholders
- Preparation of Form 1065 for partnerships, LLCs, and LLPs, and understanding the important differences between these entity structures
- Surgent McCoy's 8-Step Guide to preparing 'perfect' partnership and LLC returns
- Understanding the significant tax benefits and complications of using partnerships, LLCs, and LLPs
- Filling in K-1s correctly for S corporations, partnerships, LLCs, and LLPs
- Tax-planning strategies for depreciation deductions
- Problems and issues relating to §199 deduction data on the K-1
- Practical tips and planning issues
- The most frequently used forms and schedules included
Learning Objectives
- Understand the characteristics of an S corporation
- Learn in detail about preparation of Form 1120S, Schedule K, and Schedule K-1
- Understand major changes that affect the filing of partnership returns
- Learn in detail about the preparation of Form 1065
- Understand special problems and issues in preparing taxes for LLCs and limited partnerships
Designed For: All levels of staff and company controllers responsible for filing these forms.
Level of Knowledge: Basic
|
