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.
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
* 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
Basic working knowledge of partnerships and LLCs
Additional Event Information
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 amâ€“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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CPE Select Pass Policies
The CPE Select pass is available only for NCACPA members and the price is applicable for an individual user. The pass includes access to on demand and webinar programs, but excludes webcasts, â€œhot topicâ€ webinars, and on demand Ethics programming. All eligible programs for the CPE Select pass will be marked in the online catalog and in promotions. Licensed CPAs who elect the student membership status must provide proof of enrollment in an advanced degree.
The CPE Select pass grants unlimited access to qualifying webinars and on demand programs on a calendar-year basis.
We anticipate a spike in webinar activity later in the calendar year, and NCACPA is not liable for third-party service outages that may occur. Please plan your CPE before 12/31 to avoid any unforeseen technology issues.
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