Live Streaming
Seminar Schedule
Day One
Setting the Stage for Planning and Compliance — Choosing the Optimal Entity
- 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
Structuring the Flow-Through Entity
- 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
Day Two
Partnership Operational Issues
- 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
2020's Most Commonly Encountered Partnership, LLC and S Corporation Tax Issues
Working Within the S Corporation Rules
- 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
Program Information
Registration Fees:
In advance - $1,460 per person, discounted to $1,410 each for two or more persons from the same organization. At the door - $1,510. Attending one day only, in advance - $1,260; at the door - $1,310. Fee includes all Forum materials, day one luncheon, continental breakfast and coffee breaks.
Cancellation Policy:
Full refunds will be given for cancellations received 20 days prior to the program first selected. There will be no refunds for cancellations after these dates. Substitutions from the same firm will be accepted at any time.
Optional Networking Dinner:
$68 per person (companions welcome). Refunds will be given for cancellations received at least seven days prior to the dinner first selected.
Program Check-In:
Day one registration will begin at 7:30 a.m.
Program Prerequisites/Level:
This is an advanced program designed (a) to provide participants with knowledge of tax planning opportunities using flow-through entities, (b) to make participants aware of changes in the law impacting the use of flow-through entities and (c) to become more knowledgeable of the tax rules that apply to flow-through entities. A participant should be a CPA or tax attorney with (i) at least two years of concentrated experience in flow-through taxation or (ii) at least five years of general tax experience with a general understanding of flow-through principles. No advance preparation is required for this group live tax program.
CPE/CLE Credit
Attendees generally will receive CPE/CLE credit, with program sponsors cooperating to certify attendance. Application for approval has been submitted to the appropriate state agencies, including the State of California (whose approval is pending). Forum XXXIV should qualify for up to 16 hours of CPE or CLE credit based on a 50-minute credit hour. Because the credit requirements vary from state to state and are governed by different regulatory agencies, we suggest you contact your governing body about your individual requirements and the applicability of the program to meet them.
Tax Planning Forum LLC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
nasbaregistry.org.
For more information regarding administrative policies such as complaint resolution, please contact Customer Service at 1-800-286-4760. Customer Service is also available at
taxforums.com.
Program Cancellation:
Program sponsors reserve the right to change a scheduled event, meeting place or content without further notice, if circumstances dictate. Registration fees will be refunded for any rescheduled or cancelled program.
Hotel Accommodations:
Blocks of rooms will be held at the listed hotels until 30 days before each program (subject to availability). (A portion of the room revenues will defray conference expenses.) Please make your own hotel reservations, identifying yourself as a 2020 Tax Planning Forum registrant, to qualify for the room rates noted (which do not include applicable taxes).
This program is presented in a transactional format, with the faculty members using practical examples to illustrate the issues to be discussed. Questions will be taken from the audience at any time, as well as posed to the audience hourly throughout the program. 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.)