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 kori.herrera@acpen.com.
DESIGNED FOR
Industry and Public Accountants
BENEFITS
- 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
HIGHLIGHTS
- IRS audits
- Allocations and Basis
- Proper reporting
- Valuation of closely held business interests
COURSE LEVEL
Update
ADDITIONAL NOTES
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.