New Rules Regarding the Calculation and Tax Reporting of a Partner's Basis and Capital Account (E2111362)

Arthur Auerbach, CPA, CGMA is an independent tax consultant located in Atlanta, Georgia, specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is affiliated with the Asbury Law Firm as a team member and special consultant. He is a member of the Georgia, Virginia, New York, and Greater Washington CPA societies and licensed in each jurisdiction. Art was appointed to the AICPA Tax Executive Committee for a three-year term in 2018. In May 2021, Art was appointed to be a member of the AICPA Tax Practice and Procedure Committee, and in 2024, he became the vice-chair of the committee. He is scheduled to be the Chair effective May 2025. He is a life member of the American Institute of CPAs. He serves on the Georgia Department of Revenue Commissioners Advisory Group, the Financial Literacy Task Force, and Leadership Council, in addition to being the immediate Past Chair of the GSCPA Federal State Tax Task Force. He is also a former member of the Virginia Society’s Tax Committee. He has served as an advisor to the District of Columbia Office of Tax and Revenue and the Tax Commissioners Advisory group in Virginia. Art is a nationally recognized speaker on a variety of tax topics offered for continuing education for CPAs and financial planners. He has authored several publications and articles.