Partnership Essentials: Tax Basis Capital Accounts and More
Total Credits: 8 including 8 Taxes - Technical
- Average Rating:
- 33
- Categories:
- Partner Produced | Tax | IRS Approved
- Faculty:
- Doug J. Van Der Aa, CPA, JD, CPA, JD
- Course Levels:
- Intermediate
- Duration:
- 8 Hours
- License:
Description
The IRS has made some game-changing updates on the reporting of partnership 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. New tax basis and capital accounting reporting rules will be addressed, as well as the impact of recent legislation on the tax structure of partnerships and LLCs and the significant impact of the new Section 199A flow-through entities deduction on partnerships.
Basic Course Information
Learning Objectives- Define the tax consequences and various liabilities for both partnerships and LLCs
- Discuss the impact of the new Section 199A deduction on partnerships
- Apply planning opportunities and potential pitfalls
Major Subjects
- Recent tax legislation, rulings and developments affecting Partnerships and LLCs.
- Basis and capital account reporting on Form 1065 Schedule K-1.
- The impact of the Section 199A deduction on partnerships and LLCs.
- New Section 163(j) interest expense deduction.
- New rules on meals and entertainment expense reporting.
- Transportation fringe benefits.
- New partnership audit rules.
- Opportunity zones.
- Section 754 self-employment tax.
Course Materials
| Important Course Information_Read First (487.5 KB) | Available after Purchase | ||
| Partnership Essentials Basis, Capital Accounts and More Handout (9.9 MB) | Available after Purchase | ||
| Partnership Essentials Tax Basis Capital Accounts and More QandA (15.5 KB) | Available after Purchase | ||
Faculty
Doug J. Van Der Aa, CPA, JD, CPA, JD Related Seminars and Products
Van Der Aa Tax Ed, LLC
Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.
Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.
Additional Info
Basic Course Information
Prerequisites Basic working knowledge of partnerships and LLCsAdvanced Preparation None
Designed For Practitioners with partnership clients and those seeking knowledge on thorny partnership issues
Original Recording Date 6/4/2020
Yellow Book No
Course Developer
Doug Van Der Aa, CPA, JD
Date Added to Catalog 05/28/2020
Additional Information
Complaint Resolution PolicyPlease 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
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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