Loading Events

« All Events

  • This event has passed.

LLCs & Partnership Webinar

October 31, 2023 @ 8:00 am - 4:00 pm CDT

$300.00 – $330.00

Product Description

We include both instruction and practice to deliver a thorough comprehension of how to prepare tax form 1065. This involves full guidance through formation rules and elections, plus potential late elections, and terminations (including mid-year issues). We will also cover common operating tax issues encountered with LLCs, such as owner compensation and fringe benefits, pension plans, guaranteed payments, self-employment tax and income allocations. To conclude the course, your instructor will review with you any unusual LLC tax issues such as the CPAR audit rules (and elections out), 754 step-up basis elections, reporting issues and basis.

Course Objectives

Upon completion of this course, you will be able to-Prepare individual tax returns for partnerships and LLCs; Provide clients with the characteristics, advantages, and disadvantages of LLCs; Advise clients on forming a partnership or an LLC; Advise clients about methods of accounting and partnership/LLC tax returns; Properly treat partner and partnership items with regard to basis and calculate a partner’s basis; Advise clients on the proper treatment of members leaving an LLC and selling their interest.

Tickets

The numbers below include tickets for this event already in your cart. Clicking "Get Tickets" will allow you to edit any existing attendee information as well as change ticket quantities.
Tickets are no longer available

Details

Date:
October 31, 2023
Time:
8:00 am - 4:00 pm CDT
Cost:
$300.00 – $330.00
Event Categories:
,

Venue

Zoom
IL United States
View Venue Website

Organizer

IAAI
Phone
800-222-2270
Email
illinoisaccountants@gmail.com
View Organizer Website

Speakers

Other

CPE Hours
8 Federal Tax Topics/8.0 CPE Credit Tax
Level
Basic
IRS Program Number
09TAB-T-00431-23-O
Field of Study
Tax

Commercial Members