Table of Contents.
Description:
The Tax Cuts and Jobs Act of 2017 affects most small businesses, which presents an additional opportunity to assist your clients in maximizing tax savings. Learn about partnerships and S corporations, their elections and adjustments, as well as how the new tax law affects them.
Tax Reform Impact on S Corporations and Partnerships covers:
- Description of the taxation of S corporations and partnerships.
- Identifying the effects of partnership elections.
- Calculating required basis adjustments.
- Identifying adjustments to be made on Form 1065, Schedules M-1 and M-2.
- Computing and reporting the built-in gains tax.
- Comparing and contrasting AAA, stock basis, and retained earnings.
- Identifying adjustments to be made on Form 1120S, Schedules M-1 and M-2.
- Identifying the provisions of the Tax Cuts and Jobs Act that affect partnership and S corporation taxation.
Product Details:
Level: Intermediate
Author: NATP Staff
Publisher: NATP
Publication Date: 2019
Format: Electronic
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Tax Reform Impact on S Corporations and Partnerships
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