Webinar: Partnership Essentials: Review & Update
WB1040 | Course | Intermediate | Scheduled
Description
This course examines the critical issues and special opportunities facing partnerships and their partners, as well as the relationship between limited liability companies and partnerships, with a focus on reporting tax basis capital accounts.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
Designed For
Practitioners with partnership clients and those seeking knowledge on thorny partnership issues
Prerequisites
Basic working knowledge of partnerships and LLCs taxation
Highlights
- Recent legislative, rules and tax developments impacting partnerships and their partners
- Transfer of partnership interests
- TCJA §461(l) Excess Business Losses and §163(j) Business Interest Expense
- Importance of capital accounts
- Form 1065, Schedules K-1 and M-2
- Schedules K-2 and K-3 update
- Reporting partner capital accounts
- Effect of the Ceiling Rule
- Alternative and Remedial Methods
- Effect on financial capital accounts
- Tax basis capital accounts
Objectives
- Define the tax consequences and various liabilities for both partnerships and LLCs
- Apply rules for reporting tax basis capital accounts
- Identify planning opportunities and potential pitfalls
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)
- $129.00
- Non-Member (Early Bird)
- $159.00
- Member
- $129.00
- Non-Member
- $159.00