ACPEN Signature 2024: Partnership & LLCs Tax Return Preparation

Monday, December 23, 2024
Webcast or Webinar, Online
10:00AM - 6:00 PM (opens at 9:30 AM) EST
8Credits
Technical Business

Registration is Open

Members
$250.00 Regular Price
Non-Members
$300.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/AC052035
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

Designed For:

Industry and Public Accountants

Prerequisites:

None