Webinar: 2024 Partnerships/LLCs: Understanding Tax Basis Capital Accounts

WB5474  |  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
Your Price: $109.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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