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Live Webcast Replay

Partnership/LLC Taxation: Recent Developments


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   4.3
Category:
ACPEN Tax Institute |  Tax
Faculty:
Steven C. Dilley, CPA, JD, PhD
Course Levels:
Intermediate
Duration:
2 Hours
License:
Never expires.

Dates


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, which are required for 2020 tax form reporting.

Basic Course Information

Learning Objective
  • To provide an update of the recent changes impacting the partnership entity and its partners.

Major Subjects
  • Discussion of the impact of the Section 199A flow-through entities deduction on partnerships and their partners
  • The meaning of a "tax basis capital account" - how do the financial accounting and tax capital accounts differ from one another
  • How to determine a partner's share of the partnerships liabilities
  • Distinguishing "recourse" loans from "nonrecourse" loans
  • What are "qualified nonrecourse financing" loans and how they impact the partners
  • Review of the Sec. 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
  • Review of the Sec. 464 "at risk" rules and how they impact Schedule K-1 reporting

Handouts

Faculty

Steven C. Dilley, CPA, JD, PhD's Profile

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

Thu, May 27, 2021 - 11:00am to 12:59pm CDT
Tue, Jun 08, 2021 - 01:00pm to 02:59pm CDT
Wed, Jun 30, 2021 - 09:00am to 10:59am CDT
Thu, Jul 08, 2021 - 11:00am to 12:59pm CDT
Mon, Jul 19, 2021 - 01:00pm to 02:59pm CDT
Tue, Aug 10, 2021 - 09:00am to 10:59am CDT
Thu, Aug 26, 2021 - 11:00am to 12:59pm CDT
Thu, Sep 09, 2021 - 01:00pm to 02:59pm CDT
Fri, Sep 24, 2021 - 09:00am to 10:59am CDT
Fri, Oct 01, 2021 - 11:00am to 12:59pm CDT
Thu, Oct 28, 2021 - 01:00pm to 02:59pm CDT
Tue, Nov 09, 2021 - 09:00am to 10:59am CST
Wed, Nov 24, 2021 - 11:00am to 12:59pm CST
Wed, Dec 08, 2021 - 01:00pm to 02:59pm CST
Mon, Dec 20, 2021 - 09:00am to 10:59am CST

Additional Info

Basic Course Information

Prerequisites

Basic working knowledge of partnership taxation.


Advanced Preparation

None


Designed For CPAs in public practice and industry seeking an update on the latest tax developments impacting parterships and LLCs.
Original Recording Date

04/01/2020


Yellow Book

No


Course Developer

Federal Tax Workshop


Date Added to Catalog

04/21/2020


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.


Reviews

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Overall:      4.3

Total Reviews: 3

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