Webinar: Partnership Checkup: Tax Issues & Forms Reporting
WB1060 | Course | Intermediate | Scheduled
Description
This program addresses the most recent developments impacting partnerships operating as LLCs, with a focus on legislative, administrative, and tax form changes. Emphasis will be placed on partners "tax basis" capital accounts & now required for tax form reporting, as well an overview of K-2 and K-3 reporting requirements and effective dates.
*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
CPAs working in public accounting firms and/or working for within a partnership
Prerequisites
Basic working knowledge of partnership taxation
Highlights
- Clarify the importance of partnership capital accounts and partnerships debt on partner's tax basis
- Impact of contributed property
- Explain the importance of shareholder loans to the entity
- Discuss how basis is impacted by distributions of corporation property and the sale/or liquidation of the S corporation interest
- Comprehensive examples illustrate the mechanics of the basis determination process
- Discusses how S corporation losses impact Form 1040 Schedule E reporting
- How to get from the Schedule K-1 information to the basis calculations
Objectives
- Identify recent tax developements impacting the partnership entity and its partners
- Identify potential pitfalls and planning opportunties
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