Webinar

Partnership/LLC Taxation: Tax Basis Capital Accounts

If you have questions about this event, please call us at 952-831-2707.

---

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.

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 objectives

• Apply recent tax developments 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

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.