Webinar: 2024 Partnerships/LLCs: Understanding Tax Basis Capital Accounts
WB738 | Course | Intermediate | Scheduled
Description
This program addresses the most recent developments impacting partnerships operating as LLCs, with a focus on legislative, administrative, and tax for
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
CPAs in public practice and industry seeking an update on the latest tax developments affecting partnerships
Prerequisites
Basic working knowledge of business and partnership taxation
Highlights
Discussion of the impact of the Section 199A flow-through entities deduction on partnerships and their partners
The meaning of a "tax basis capital account" -- how do the financial accounting and tax capital accounts differ from one another
How to determine a partner's share of the partnership's liabilities
Distinguishing "recourse" loans from "nonrecourse" loans
What are "qualified nonrecourse financing" loans and how they affect partners
Review of the Sec. 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
Objectives
Identify recent changes impacting the partnership entity and its partners
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $79.00
- Non-Member (Early Bird)
- $109.00
- Member
- $79.00
- Non-Member
- $109.00