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K-1 Boot Camp for S Corporations and LLCs (K1SL16)
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 Export to Your Calendar 12/19/2016
When: 12/19/2016
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: Jonathan S. Ingber


Online registration is available until: 12/19/2016
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Acronym K1SL16
CPE 8 hours
Vendor Surgent McCoy CPE
Category
Taxation
Level Intermediate
Prerequisite Basic knowledge of federal taxation
Adv Prep None
Who should attend

Experienced CPAs seeking an in-depth study of these ubiquitous tax schedules

Registration Early Bird
(through 12/4)
Standard
(after 12/4)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Description

Schedule K-1 has evolved into the universal correspondent of tax information to business owners. This course is designed to take a deeper look into the vastness of the valuable schedule. The course will be advantageous to those who prepare complicated federal individual income tax returns, and for those who prepare the underlying Schedule K-1s for pass-through entities.

Objectives

  • Understand complicated issues of S corporation and LLC Schedule K-1 reporting issues
  • Complete a comprehensive problem related to “At-Risk” recapture
  • Be familiar with passive activity reporting

Topics

  • Review of common and not so common line items on Forms 1065 and 1120S Schedules K-1
  • Special allocation issues of §704, including economic effect, the “dumb-but-lucky” rule, and substantiality
  • Determining substantiality and "some help, no hurt" allocations
  • Determining self-employment taxable income, new regulations
  • Partners’ capital accounts and method of maintaining them
  • When sales of depreciable property are not reported on Form 4797 and separately added to Schedule K-1
  • Proper allocation of liabilities
  • Finding hidden gains in partnership/LLC Schedule K-1
  • Finding hidden gains in S Corporation Schedule K-1
  • Finding “at-risk” hidden gains in Schedule K-1

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News & Tax Alerts
CPE/Events

12/6/2016
Webcast: Louisiana Tax Incentives and Credits Update (WEBLTIC16)

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


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