S Corporation Essentials: Stock and Loan Basis and More WEBCAST

Tuesday, May 11 7:30am - 3:30pm PDT

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8.0 Credits

Member Price $225.00

Non-Member Price $275.00

Overview

This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting. The impact of recent legislation, including the CARES Act and COVID-19 developments, on the tax filings of S corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations.

Highlights

  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Discuss the impact of the new Section 199A deduction on partnerships
  • Apply planning opportunities and potential pitfalls

Prerequisites

Basic working knowledge of partnerships and LLCs

Designed For

Experienced practitioners with S corporation clients and members in industry working for an S corporation or those seeking and update on thorny S corporation issues.

Objectives

  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Discuss the impact of the new Section 199A deduction on partnerships
  • Apply planning opportunities and potential pitfalls"

Preparation

None

Leader(s):

Leaders

Douglas Van Der Aa

Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.

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Non-Member Price $275.00

Member Price $225.00