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UID:243089imp
DTSTAMP:20260414T194155Z
DTSTART:20261203T160000Z
DTEND:20261203T233000Z
LOCATION: Your Desk
SUMMARY: Comprehensive Pass-Through Owners Basis and Distribution Rules WEBCAST
DESCRIPTION: Pass-throughs are the most popular choice of newly formed business entities. However\, for years\, taxpayers and their preparers have struggled to calculate\, update\, and maintain the pass-through entity owner's tax basis information in each investment correctly. Calculating and accounting for tax basis and adequately reporting the impact of operating and liquidating distributions for these entities are among the most frequently cited audit deficiencies. Taxpayers have also misapplied the tax rules when calculating the gain or loss from the sale of the interest. Recently\, the IRS initiated enforcement initiatives designed to audit owners of pass-through entities regarding their calculations of tax basis and their tax treatment of distributions. This course will teach you how to properly account for both items for your clients who own an interest in a partnership or an S-corporation. Learn to identify the most common mistakes and errors and report these items correctly before your client is audited.
CLASS:PUBLIC
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