2024 Partnership Checkup: Key Tax Issues & Forms Reporting
Total Credits: 4 including 4 Taxes - Technical
- Average Rating:
- 18
- Categories:
- ACPEN Tax Institute | IRS Approved | Tax
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
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, as well an overview of K-2 and K-3 reporting requirements and effective dates.
**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 kori.herrera@acpen.com.
Basic Course Information
Learning Objectives- Identify recent tax developments impacting the partnership entity and its partners
- Identify potential pitfalls and planning opportunties
Major Subjects
- Clarify the importance of partnership capital accounts and partnerships debt on partner's tax basis; Impact of contributed property
- Explain the use of both "inside" and "outside” basis determination
- Explain the importance of shareholder loans to the entity
- Discuss how basis is impacted by distributions of corporation property and the sale/or liquidation of the S corporation interest
- Comprehensive examples illustrate the mechanics of the basis determination process
Course Materials
| IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_10_16_21 (442.7 KB) | Available after Purchase | ||
| IRS CE Credit Request Form (265.8 KB) | Available after Purchase | ||
| 2024 Partnership Checkup: Key Tax Issues & Forms Reporting Handout (12.7 MB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Dates
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Mon, Mar 24, 2025 - 11:00am to 02:41pm CDT
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Tue, Apr 01, 2025 - 01:00pm to 04:41pm CDT
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Wed, Apr 16, 2025 - 03:00pm to 06:41pm CDT
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Additional Info
Basic Course Information
Prerequisites Basic working knowledge of partnership taxationAdvanced Preparation
None
Designed For CPAs working in public accounting firms and/or working for within a partnerships
Original Recording Date 04/2024
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 3/13/24
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement Business Professionals' Network, Inc. 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
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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