2024 Partnership Essentials: Review & Update

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  • Location
    • Your Computer
      Your Space
      ISCPA / ACPEN Webinar, ID 00000
  • Credits
    • 1.20
  • Credit Type(s)
    • Personnel / HR (1.20)
  • Prerequisites
    • Basic working knowledge of partnerships and LLCs taxation

  • Vendor
    • ACPEN
  • Level
    • Intermediate
  • Fields of Study
    • Personnel/Human Resources
  • Message
    • Virtual Experience

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.



  • Presented by Steve Cadigan

    • Delivery Format: Live Webcast Replay

    Designed For

    Practitioners with partnership clients and those seeking knowledge on thorny partnership issues

    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

    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

    Advanced Prep

    None

    Register Now

    Leaders

    ACPEN Panel

    No Biography Available

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