New
21WX-3156: Partnership/LLC Taxation: Tax Basis Capital Accounts (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Monday, March 7, 2022
10:30am - 12:30pm Central Time
2 CPE (2 technical)
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 - these are required for tax form reporting. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
-
The major topics covered in this class include:
-
Discussion of the impact of the Section 199A flow-though entities on partnerships and their partners
-
The meaning of a "tax basis capital account" - how do the financial accounting and tax capital accounts differ from one another
-
Distinguishing "recourse" loans from "nonrecourse" loans
-
Review of the Section 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
-
Review of the Section 465 "at-risk" rules ad how they impact Schedule K-1 reporting
Learning objective(s)
-
Know how to determine a partner's share of the partnership's liabilities
-
Understand what "qualified nonrecourse financing" loans are and how they affect partners
-
Provide an update of the recent changes affecting the partnership entity and its partners
Who should take this program?
CPAs in public practice and industry seeking an update on the latest tax developments affecting partnerships.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$79.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$79.00
|
 Standard Nonmember Fee |
$79.00
|
