23WA-0434: Partnerships/LLC: Tax Basis Capital Accounts (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Friday, April 14, 2023
1:00pm - 2:55pm Central Time
2 CPE (2 technical) | 2 IRS CE
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.
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 leighanne.conroy@acpen.com.
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'
-
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
-
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
-
Section 4655 'at risk' rules and how they impact Schedule K-1 reporting
Learning objective(s)
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
|
