Webinar

Partnership/LLC Taxation: Tax Basis Capital Accounts

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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.

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Related programs

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June 15, 2026 | Partnership and LLC (Form 1065): Formation to Liquidation | Webinar

June 15, 2026 | Partnership/LLC Taxation: Understanding Tax Basis Capital Accounts | Webinar

June 19, 2026 | Hands-On Tax Return Workshop: Partnerships & LLCs (Form 1065) | Webinar

June 24, 2026 | Partnership Essentials: Review and Update | Webinar

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Related products

Surgent's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships | Self-Study (Downloadable PDF)

Surgent's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships | Self-Study (On-Demand)

Surgent's Advanced Partnership/LLC Workshop: How to do Optional Step-Up in Basis Under Section 754 and Related Provisions | Self-Study (Downloadable PDF)

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