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Partnerships Essentials: Review and Update

8:30 am–12:15 pm ET

# of CPE Credits

4

Description

The IRS has made some game-changing updates on reporting basis. This course examines the critical issues and special opportunities facing partnerships and their partners, as well as the relationship between limited liability companies and partnerships. How the Tax Cuts and Jobs Act impacted the tax structure of partnerships and LLCs will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on partnerships.

Objective

Upon completion of this course, you will be able to * Define the tax consequences and various liabilities for both partnerships and LLCs * Identify basis and how to report it* Discuss the impact of the new Section 199A deduction on partnerships * Apply planning opportunities and potential pitfalls

Highlights

* Recent tax legislation, rulings, and developments impacting partnerships and LLCs, including TCJA and COVID-19 related provisions * Transfer of partnerships interest* Reporting basis negative capital acounting * How to calculate basis and report it on Form 1065, Schedule K-1 * The impact of the new Section 199A deduction on partnerships and LLCs * New Section 163(j) interest expense deduction * New partnership audit rules

Who Should Attend

Practitioners with partnership clients and those seeking knowledge on thorny partnership issues

Required Knowledge

Basic working knowledge of partnerships and LLCs

Advanced Prep

None

Event Speaker(s)

Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Webcast
Thursday, August 5, 2021 (8:30 am–12:15 pm ET)
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Webcast
Wednesday, March 9, 2022 (8:30 am–12:15 pm ET)
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Share This Event

Event Vendor:Van Der Aa Tax Ed, LLC
Field of Study:Taxes
Level: Intermediate
Other:Enrolled Agent

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0065621

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$135.00
Non-MemberN/A$185.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.