Partnership Essentials: Review & Update

Instructor

Doug
Van Der Aa

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.

Learning 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

Major Topics

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

CPE Credits Available

4 CPE

4: Taxes

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

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

Provider

ACPEN

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Price includes $0.00 early registration discount(s) - expires 10/19

Price includes $0.00 early registration discount(s) - expires 10/19
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Price includes $0.00 early registration discount(s) - expires 10/19

Price includes $0.00 early registration discount(s) - expires 10/19

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