New
22WX-2585: Partnership/LLC Taxation: Tax Basis Capital Accounts (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Date
Friday, December 16, 2022
Time
2:30pm
-
4:30pm
Central Time
Location
Online
CPE credits
CPE
2.0
Field(s)
of study
Taxes - Technical (2.0)
Instructor
Steven Dilley, PhD, CPA, JD
Federal Tax Workshops, Inc.
Fees
|
Standard Member Fee |
$79.00
|
|
Standard Nonmember Fee |
$79.00
|
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.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Who should take this program?
CPAs in public practice and industry seeking an update on the latest tax developments affecting partnerships.
Major subjects
-
Discuss the impact of the Section 199A flow-through entities deduction on partnerships and their partners
-
The meaning of a "tax basis capital account"
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How the financial accounting and tax capital accounts differ from one another
-
Determine a partner's share of the partnership's liabilities
-
Distinguish "recourse" loans from "nonrecourse" loans
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What are "qualified nonrecourse financing" loans and how they affect partners
-
Section 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
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Section 4655 "at risk" rules and how they impact Schedule K-1 reporting
Learning objective(s)
-
Apply recent tax developments affecting the partnership entity and its partners
Course code
Code
22WX-2585
Sponsor
NASBA ID#: 108744
Level
Intermediate
Format
Group Internet Based
Prerequisites
Prereq.
Basic working knowledge of partnership taxation.
Advance
prep
None
If you have questions about this event, please call us at 952-831-2707.
