2018 “Fundamentals of Flow-Through” XXIII

	Deciding among partnerships, LLCs, S corporations and C corporations — the §199A deduction, computation of basis, permitted owners, permissive allocations, basis adjustments, amounts at risk, §1202 gain exclusion, §1045 rollovers and the like
	Structuring entities to minimize self-employment tax exposure

	Using qualified S corporation subsidiaries and single-member LLCs
	Structuring the admission of the service provider
	Utilizing partnerships and LLCs to solve S corporation structuring limitations
	Eliminating C and S corporation penalty taxes by utilizing partnerships and other mechanisms
	Using partnerships and LLCs in everyday business and investment transactions

	Partnership allocations made easy — how to structure and report partnership allocations of losses and liabilities under the §704(b), §704(c) and §752 regulations
	The partnership §754 basis adjustment rules
	Understanding the partnership hot asset rules
	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

	Computing basis and AAA and understanding the differences
	Working through the built-in gains rules
	Income allocations and basis issues in the year of sale
	Capitalizing the S corporation to facilitate tax-free returns of capital — when to use debt and when to use capital

The faculty members will utilize 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 be covered on day one or may not be covered orally.)