IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Pass-Through Entities Tax Risks (OnDemand Webinar)

$219.00

SKU: 408349EAU

Description

Understand the benefits and complexities of electing to be taxed as a partnership.Navigate through the evolving tax treatment of passthrough entities and understand its basic principles, issues that arise when working with entities taxed as partnerships, and considerations for when to use a passthrough entity. This topic will help you understand the complexities of partnership taxation created by the duality of the partnership’s existence as a separate entity and as a passthrough, including the framework of the Code 167199A qualified business income deduction. Electing to be taxed as a partnership offers substantial benefits for your clients that can both simplify and add complexity depending on the situation. This information will introduce you to Subchapter K and discuss planning strategies, cautions, and the gray areas.

Date: 2021-06-23 Start Time: End Time:

Learning Objectives

What Is a Pass-Through Entity?
• Taxation of Corporations
• Taxation of Pass-Throughs
• Check-the-Box Rules
• Tax Rates
• Form 1065 and K-1s

Issues That Arise With Pass-Throughs
• Capital Retention
• Phantom Income
• Reinvesting Profit
• Accounting Rules
• Accounting Method Restrictions
• Taxable Year Restrictions
• Partners’ Estimated Tax Payments
• Allocation of Income and Deductions
• Generally
• Section 704(e) and Agreed Allocations
• Contributed Property
• Loss Limitations
• Passive Loss Limitations
• At-Risk Rules
• Excess Business Loss Rules
• 199A
• Overview
• Understanding Key Terms
• Applicability
• Limitations

Planning Considerations
• Pros and Cons of Pass-Throughs
• When to Use the Pass-Through Structure

AIPB ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Cullen I. Boggus-Holton & Mayberry, P.C., Ryan J. Wautlet – Holton & Mayberry, P.C.