2024 Partnership Checkup: Key Tax Issues & Forms Reporting

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  • Location
    • Your Computer
      Your Space
      ISCPA / ACPEN Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Management Services (4.00)
  • Prerequisites
    • Basic working knowledge of partnership taxation

  • Vendor
    • ACPEN
  • Level
    • Intermediate
  • Fields of Study
    • Management Services
  • Message
    • Virtual Experience

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.



  • Presented by James Lindell

    • Delivery Format: Live Webcast Replay

    Designed For

    CPAs working in public accounting firms and/or working for within a partnerships

    Objectives

    • Identify recent tax developments impacting the partnership entity and its partners
    • Identify potential pitfalls and planning opportunties

    Highlights

    • Clarify the importance of partnership capital accounts and partnerships debt on partner's tax basis; Impact of contributed property
    • Explain the use of both "inside" and "outside” basis determination
    • 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

    Advanced Prep

    None

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    Leaders

    ACPEN Panel

    No Biography Available

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