Advanced S-Corp & Partnership Taxation

Course Classification:

– Category: Advanced Federal Tax (T).
– Credits: 3 IRS Continuing Education Hours.
– Provider: EZ Tax To Go LLC (Provider Number GFLRH).

Summary Description:
Elevate your professional practice to the next level with this advanced course focused on the complex taxation of S Corporations and Partnerships (pass-through entities). As IRS audits and scrutiny increase, this program will provide you with the technical depth necessary to navigate current controversies, ongoing litigation, and unresolved tax questions. This course is specifically designed for professionals looking to move beyond basic compliance work and offer sophisticated, strategic, and audit-proof tax planning.

What will you learn in this course?

– Reasonable Compensation and IRS Risks: Apply the nine-factor qualitative framework to determine the compensation of S corporation shareholder-employees. You will understand the severe consequences and penalties of an unreasonably low salary, especially in light of the growing scrutiny driven by the QBI deduction.

– Mastery of Basis and Loss Calculations: Apply the sequential ordering rules for S corp shareholder stock and debt basis. You will also master the sequencing of loss limitations for pass-through owners, including the permanent excess business loss limitation under Section 461(l).

– Advanced Partnership Mechanics: Apply the Section 754 election framework, clearly distinguishing between Section 743(b) and 734(b) basis adjustments. Furthermore, you will learn how to structure special allocations while ensuring they meet the “substantial economic effect” requirements.

– Critical Updates and Ongoing Litigation: Evaluate the self-employment tax (SECA) exception for limited partners using the “functional analysis” mandated by the current and highly consequential Soroban litigation. You will also apply the self-executing OBBBA amendment to the disguised sale rules.

– BBA Audits and Trusts: Navigate the procedures of the centralized partnership audit regime (BBA) and the critical designation of the partnership representative. Additionally, you will learn to evaluate and compare QSST versus ESBT trust structures as S corp shareholders.

– Strategic Planning and Restructuring: Apply an advanced comparative framework to decide between an S Corporation or Partnership structure for a growing business, evaluating exit strategies, entity conversions, and the Section 1374 built-in gains tax.

Enroll today to gain advanced technical mastery, bulletproof your clients’ returns with proper documentation, and stand out in the most complex area of modern tax practice!