Tax Reform Impact on S Corps & Partnerships Self-Study

Summary

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. This hands-on course will look at partnerships and S corporations, their elections and adjustments, as well as how the new tax law affects them.

Objectives

Upon completion of this course, you will be able to:

  • Describe the taxation of partnerships.
  • Identify the effects of partnership elections.
  • Calculate required basis adjustments.
  • Identify adjustments to be made on Form 1065, Schedules M-1 and M-2.
  • Describe the taxation of S corporations.
  • Compute and report the built-in gains tax.
  • Compare and contrast AAA, stock basis and retained earnings.
  • Identify the effects of S corporation elections.
  • Identify adjustments to be made on Form 1120S, Schedules M-1 and M-2.
  • Identify the provisions of the Tax Cuts and Jobs Act that affect partnership and S corporation taxation.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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