23WA-8865: Partnerships and S Corporations: How to Calculate Basis (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Tuesday, February 27, 2024
2:00pm - 5:55pm Central Time
4 CPE (4 technical) | 4 IRS CE
The IRS has recently increased the pressure on how to calculate and report partner and shareholder basis. Changes in the forms reflect these developments. This program provides a detailed analysis of the calculations related to determining tax basis for a partnership interest and S Corporation shareholder shares and loans. How to use the Form 1065, Schedule K-1 and Form 1120S, Schedule K-1 information for basis determination. Illustrated examples with filled in forms will demonstrate how the processes works and their many potential pitfalls.
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
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Calculation of basis when the entity is formed, including the impact of contributed property
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How to calculate partnership tax basis capital accounts
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Explains the use of both "inside" and "outside" basis determination
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Clarifies the how partnerships and S
Learning objective(s)
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Identify the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
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Identify the tax issues related to S Corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
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Understand potential pitfalls and planning strategies
Who should take this program?
CPAs working in public accounting firms and/or working for partnerships or S Corporation
Fees
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nonmember.
If you register, you will be charged
$129.00
(Standard Nonmember Fee).
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Standard Member Fee |
$129.00
|
Standard Nonmember Fee |
$129.00
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