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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Law

Date & Time
  • event Date

    Thursday, July 24, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$347.00

This course is $0 with these passes:

CLE
CPE
ALL

This CLE/CPE webinar will provide tax counsel and advisers with a review of the application and impact of the new tax bill on pass-through entities. The panel will discuss new tax law changes impacting pass-through entities and provide tax planning strategies to optimize tax benefits and avoid pitfalls.

Faculty

Eric Homsi
Counsel
Crowell & Moring

Mr. Homsi is a counsel in the firm's Tax Group, resident in the New York office. His practice concentrates primarily on advising public and private companies with respect to business tax issues associated with structuring, negotiating, and executing domestic and cross-border acquisitions, divestitures, and restructurings. Mr. Homsi also counsels clients on tax issues associated with real estate investments and joint ventures, equity and debt securities offerings, and other transactions where tax considerations play an important role. In addition, he assists multinational businesses with inbound and outbound tax planning and strategy.

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Robert A. Friedman
Partner
Proskauer Rose, LLP

Mr. Friedman is a partner in the Tax Department whose practice focuses on representing clients in all facets of corporate and partnership related tax matters. In particular, he provides tax advice on public and private mergers, acquisitions, joint ventures, divestitures, private equity fund formation, financial products and electric and gas utility tax issues.

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Description

The new tax bill contains changes impacting companies of all types. The new tax bill encompasses provisions directly affecting the income of pass-through entities, requiring careful planning to take advantage of the available tax-saving options and avoid tax compliance or reporting issues.


The tax law allows additional benefits to pass-through entities that require an understanding of a variety of complex provisions. Tax counsel and advisers must be aware of the benefits and limitations of Section 199A regarding the deduction of qualified business income, the available planning techniques to optimize tax savings for partnerships, LLCs and S corporations, and considerations for possible entity reclassification along with other tactics to reduce taxable income.


Listen as our panel analyzes the complex provisions of the new tax bill impacting pass-through entities and provides practical methods for compliance and tax savings.

Outline

I. Overview of tax law changes impacting pass-through entities

II. Section 199A deductions and pass-through tax breaks and limitations

III. Impact of the interest expense cap on pass-through entities

IV. Reevaluating entity classification in light of new tax bill

Benefits

The panel will review these and other high priority issues:

  • Tax considerations for pass-through entities after the passage of the new tax law
  • Qualified business interest deductions and limitations on specified service industries
  • Treatment of carried interest and performance of services
  • Available tax planning techniques for partnerships, LLCs, and S corporations
  • Entity reclassification considerations for potential tax savings

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Recognize the provisions of the new tax bill impacting pass-through entities
  • Determine best practices for pass-through entity tax reporting and compliance
  • Ascertain the tax implications of the new tax bill on the income of partnerships, LLCs, and S corporations
  • Identify qualified business income deductions and limitations on specified services, trades, or businesses

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of partnership tax rules, corporate structure, and partnership audit regulations.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).