Issues and Challenges Related to S Corporations and Partnerships (CSCP)

Panelists are subject to change.

Tax practitioners advising their business clients must be fully informed about the many tax issues that impact pass-through entities. This program covers important tax issues that affect pass-through entities at formation, during the operation of the entity and on liquidation or disposition. The program also covers the loss limitation rules tax practitioners must know to advise their clients on when and if a loss limitation applies.

• Entity formation rules
• How to calculate a partner’s or S corporation shareholder’s basis
• Entity distributions
• Form 7203 and an S corporation shareholder’s basis
• Form 6198 and the at‑risk basis rules
• The passive activity loss limits
• The §461(l) loss rule
• The net operating loss limitation rules
• The §163(j) business interest limitation
• The §754 election and adjustments under §§743(b) and 734(b)

• Fully understand the most important rules relating to pass-through entity formation, operation, distributions, and sales or liquidations