This course will provide tax practitioners with a great overview of issues related to the taxation of the various types of pass-through entities.

Topics Covered:

●Overview

●What is a pass-through entity?

●Why are pass-through entities called “disregarded entities”?

●Why are pass-through entities required to file federal tax returns

●IRS approvals/denials for pass-through- entities

●Potential causes of termination of certain pass-through entity IRS approvals

●Pass-through entity types

●Schedules C and F as pass-through entities

●Partnerships as a pass-through entity

●S corporation as a pass-through entity

●Estates and trusts as a pass-through entity

●Forms K and K-1 overview

●Any related legislative updates

Learning Objectives:

●Provide materials to enhance knowledge of the importance of pass-through entities in taxation and in the economy

●Suggest major considerations with respect to dealing with the workings of pass-through entities

●Provide related tips for dealing with pass-through entities

Prerequisites: Good general basic tax aspects as to these unique entity types