ACPEN Signature 2024: Partnership & LLCs Tax Return Preparation
Wednesday, January 15, 2025
Webcast or Webinar, Online
2:00 PM - 10:00PM (opens at 1:30 PM) EST
8Credits
Technical Business
Registration is Open
Members
$250.00 Regular Price
Non-Members
$300.00 Regular Price
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$160.00 Members / $224.00 Non-Members
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Course Type: Webcast
Course Code: 24/AC052042
Level: Update
Vendor: ACPEN
Field of Study: Taxes
Overview:
LLCs and partnerships continue to present some of the greatest challenges for return preparers and advisors. This program will address the latest developments:
- New IRS audit initiatives
- An SE tax update for LLCs and partnerships
- Disregarded entity rules and transactions
- Common allocation problems
- Identifying various types of partnership debt properly for basis purposes
- The 754 election in the sale of interests and at death
- Reporting LLC and partnership interests on gift and estate tax returns and valuation of closely held businesses and minority interests
**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 [email protected].
Objectives:
- Learn about new IRS audit initiative
- Learn to avoid allocation and basis calculation errors
- Identify disregarded entities for income tax purposes and how those are treated differently under other taxes
- Learn how partnerships and LLCs are addressed in estate and gift tax reporting rules
Major Topics:
- IRS audits
- Allocations and Basis
- Proper reporting
- Valuation of closely held business interests
Major Topics:
- IRS audits
- Allocations and Basis
- Proper reporting
- Valuation of closely held business interests