The IRS has dissected how we view the tax structure of S-Corporations and Partnerships; we need to rethink how we move forward with every single business to ensure continued sure-footedness and avoid future pitfalls if caught sleeping at the wheel. Tax matters covered will be driven towards the ever-increasing IRS disclosure requirements and new tax forms related to pass-through entity tax matters, including passive and nonpassive activities, the soon-ending Qualified Business Income (QBI), basis matters and additional areas possibly leading to new areas of concern for the IRS.