Course Information

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Partnerships, LLCs and S Corporations: Tax Developments in 2006
Author: Sidney Kess and Barbara Weltman

Description:
During the past year, a number of developments have impacted partnerships, limited liability companies, and S corporations. This course review the legislative, judicial and administrative developments impacting these entities. These developments may have an impact on 2006 returns for these entities. The wide-range of topics covered includes:

  • the interest rate applied to an S corporation's overpayment
  • discharge of indebtedness income
  • using shareholder loans and guarantees to increase shareholder basis
  • S corporation liability for employment taxes
  • built-in gains tax
  • domestic production activities deduction
  • health insurance deductions of S corporation shareholders
Course Details:
Price:  $24.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Update
Advanced Preparation:  None
CTEC course number:  1075-CE-2215
Course was last updated on:  10/13/06
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE
Enrolled Agent (Accepted by the IRS) 2.0 CPE
CTEC Federal 2.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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