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"Fundamentals of Flow-Through" Program
2018 “Fundamentals of Flow-Through” XXIII
Day One
8:30 AM to 5:00 PM (Luncheon and presentation 12:00-1:30) |
Setting the Stage for Planning and Compliance — Choosing the Optimal Entity
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Deciding
among partnerships, LLCs, S corporations and C corporations — the §199A deduction, computation
of basis, permitted owners, permissive allocations, basis adjustments, amounts
at risk and the like |
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Structuring
entities to minimize self-employment tax exposure |
Structuring the Flow-Through Entity
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Using
qualified S corporation subsidiaries and single-member LLCs |
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Structuring
the admission of the service provider |
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Utilizing partnerships and LLCs to solve S corporation structuring limitations |
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Eliminating
C and S corporation penalty taxes by utilizing partnerships and other mechanisms |
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Using
partnerships and LLCs in everyday business and investment transactions |
Monday Networking Dinners (6:30 PM)
Chicago — Mity Nice Grill (October 22)
Washington, D.C. — Portofino Restaurant (November 5)
Network with the faculty and fellow
attendees
and spend an informal evening sharing war stories |
Day
Two
8:00 AM to 4:00 PM (Lunch on your own 11:45-1:00) |
Partnership Operational Issues
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Partnership
allocations made easy—how to structure and report partnership allocations
of losses and liabilities under the §704(b), §704(c) and §752
regulations |
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The
partnership §754 basis adjustment rules |
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Understanding
the partnership hot asset rules |
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The ABCs of like-kind exchanges involving flow-through entities and dealing with the “cash-out” partner |
2018’s
Most Commonly Encountered Partnership, LLC and S Corporation Tax Issues
Working Within the S Corporation
Rules
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Computing
basis and AAA and understanding the differences |
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Working
through the built-in gains rules |
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Income
allocations and basis issues in the year of sale |
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Capitalizing
the S corporation to facilitate tax-free returns of capital—when to
use debt and when to use capital |
The faculty members will
use practical examples to illustrate the issues to be discussed. An analysis
of recent legislation and the latest cases, regulations and rulings will be
integrated into each session. (Depending on audience participation, some of
day one’s program may be covered on day two; some of day two’s program
may not be covered orally.)
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