Tax Update for Pass-Through Entities: S Corporations, Partnerships and LLCs (TUPTE)

Date: 12/12/2008 Minot Grand International
Date: 12/16/2008 Grand Forks Ramada Inn
Time: 8:15 AM - 4:00 PM (Please verify this time on your confirmation.)
8 CPE Hours
$250 Member ($220 AICPA member)
$300 Nonmember ($270 AICPA member)
Add $25 after 11/28/2008
Instructor: Mark Sellner

Be prepared for the issues affecting S corporations, partnerships and limited liability companies. Learn about the latest law changes, rulings and pronouncements affecting these pass-through entities. Flow-through taxation is one of the most challenging areas of practice and our discussion leaders will help you navigate this complexity. Provide more value to your clients incorporating the latest changes into your client engagements.

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

• Identify and comply with new tax changes during the upcoming tax season
• Utilize latest tax minimization strategies resulting from recent changes to tax statutes, regulations, cases and rulings
Major Topics:
• Latest changes to federal tax statutes, regulations, cases and rulings for pass-through entities
• Passive loss, At-Risk and basis developments for flow-through entities
• Compensation and self-employment tax developments for flow-through owners
• Highlights of the differences in treatment between the various pass-through entities: formation, operations and distributions
• Review troublesome areas of S corporation conversion compliance including: built-in gains, excess passive income and LIFO recapture

Designed For: Tax practitioners in public practice and industry who need to stay on top of the latest changes in the federal tax law as they relate to pass-through entities
Level: Update
Developer: AICPA
Prerequisite: Familiarity with federal tax issues for flow-through entities

About the Speaker:
Mark A. Sellner
Mark Sellner is a professor and director of graduate studies in Taxation at the Carlson School of Management at the University of Minnesota. He teaches graduate level courses and seminars on corporate tax, mergers and acquisitions, and accounting for income taxes in the Master of Business Taxation Program. Mark consults in the areas of business an executive taxation and mergers &, acquisitions. He has both Fortune 500 and Big Four corporate tax and mergers &, acquisitions experience. Mark was tax counsel and director of U.S. taxes for 4 years at Ecolab Inc. in St. Paul, Minnesota and completed a 3 year Ernst &, Young National Tax Department corporate tax and consolidated returns assignment in Washington, D.C. He has served as a partner at KPMG’s metro New York headquarters, and was most recently a tax partner at LarsonAllen in Minneapolis.