November 26, 2022


Webinar


2 Total CPE Credits

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Partnerships Essentials: Tax Basis Capital Account Reporting

Learning Objectives

  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Discuss the impact of the new Section 199A deduction on partnerships
  • Apply planning opportunities and potential pitfalls

Major Topics

  • Recent tax legislation, rulings, and developments impacting partnerships and LLCs, including TCJA and COVID-19 related provisions
  • Transfer of partnerships interest
  • Reporting basis negative capital acounting
  • How to calculate basis and report it on Form 1065, Schedule K-1 

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic working knowledge of business expense reporting

Advanced Preparation

None

Intended Audience

Basic working knowledge of partnerships and LLCs

Provider

ACPEN

This event has ended.