S Corporation Essentials: Stock and Loan Basis and More
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Archive : S Corporation Essentials: Stock and Loan Basis and More Digital Download
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This session focuses on the key difficulties and unique possibilities that S companies face, with a particular emphasis on the new IRS requirements on shareholder shares and loan basis reporting. The impact of recent legislation on S company tax filings, particularly the CARES Act and COVID-19 developments, will be discussed, as will the considerable impact of the new Section 199A flow-through entities deduction on S companies. This qualifies for two hours of A&A.
*This was before the COVID-related Tax Relief Act of 2020 was passed in late December.
**Please Note: If you need credit reported to the IRS for this IRS-approved program (6 hours of Tax), please download the IRS CE request form from the Course Materials Tab and email it to [email protected].
Fundamental Course Information
Objectives of Learning Define the tax implications and numerous obligations for partnerships and LLCs. Discuss the new Section 199A deduction’s implications on partnerships. Consider planning opportunities as well as potential hazards.
Major Topics Define the tax implications and numerous obligations for partnerships and LLCs. Discuss the new Section 199A deduction’s implications on partnerships. Consider planning opportunities as well as potential hazards.
Doug Van Der Aa, CPA, JD, is a vibrant and engaging tax and ethics speaker with considerable experience conducting discussions for conferences, seminars, and webinars. He is a sought-after lecturer and seminar facilitator for state CPA societies and other organizations around the country.
Van Der Aa has over 25 years of experience, which includes tax work in CPA companies and transactional business and real estate legal practice as an attorney. His practice focused on the tax needs of closely owned corporations and their pass-through organizations, as well as complex individual returns, estates, and trusts.
Van Der Aa worked as an adjunct lecturer at Grand Valley State University’s Seidman College of Business for ten years and as an assistant professor of accounting and taxation for one year. He taught in both the undergraduate and MST programs.
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