NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Annual Tax-Planning Guide for S-Corporations, Partnerships, and LLCs
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Online Registration Form
Date: October 22, 2020
Location: Hillcrest Country Club, Lincoln
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
As long as LLCs, partnerships, and S corporations form the backbone of many CPAs' practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships, and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.
Objectives
* Identify current issues that practitioners are most often called on to address * Be familiar with planning techniques employed in dealing with the life cycle of pass-through entities * Plan for the best utilization of carryforwards under the Tax Cuts and Jobs Act of 2017 * Distinguish the roles S corporations and partnerships/LLCs play in the changing tax environment * Evaluate the impact of the Tax Cuts and Jobs Act of 2017 and the related regulations on pass-through entities * Identify planning opportunities under current laws and regulations * Be familiar with the results of the case studies that reinforce key learning points
Highlights
* Update on latest cases, rulings, and regulations including the final regs * How to handle liabilities of LLCs * Planning opportunities and pitfalls in determining basis and amounts at risk -- recourse and nonrecourse debt issues for LLCs, and much more * Planning for the provisions of the Tax Cuts and Jobs Act of 2017, including taking the best advantage of the §199A pass-through deduction * Update on various carryforwards and how they impact the §199A deduction * Partnership planning -- Structuring partnership distributions and transfers of interests * Optional basis adjustments -- §§754 and 732(d) * Update on Small Business Health Reimbursement Arrangements * How to take advantage of the new §179 and bonus depreciation rules of the Tax Cuts and Jobs Act of 2017 * Basis, distribution, redemption, and liquidation issues of S corporations * Compensation in S corporations * Sale of a partnership -- the best planning concepts * What you need to know about family pass-through -- Estate planning, family income splitting, and compensation planning * Partnership and LLC allocations * Other provisions of the Tax Cuts and Jobs Act of 2017, with emphasis on its impact on pass-through and their owners
Who Should Attend
CPAs in public accounting and industry who want to learn planning strategies relevant to S-corporations, partnerships, and LLCs

Course Level Intermediate
Prerequisites A basic course in partnerships and S corporations
Course IDTPGS
Discussion LeaderSurgent - Randy Newton
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $300 - Society Member
$350 - Society Nonmember
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7435 O Street, Suite 100
Lincoln, NE 68510
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