Webcast
Basic
CPE Credits
1 Credits: Auditing
Course Description
Starting with returns filed for the 2018 tax year, new rules apply to IRS examinations of partnership income tax returns. We will review the new procedures, when they benefit taxpayers and when they do not, and planning in light of the rules. You will learn:
- Procedures if the partnerships cannot or do not elect out of the rules.
- Electing out of the rules – how to qualify (and many surprisingly don’t) and how to elect
- The partnership representative’s surprisingly broad authority and how a partnership agreement (including an operating agreement) might address that person’s duties to the partnership (including LLC)
- How to navigate the procedures to ensure fairness to all and try to reduce administrative burdens that the rules impose on taxpayers
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the new partnership audit rules
- List issues to consider when drafting partnership sale agreements or operating agreements
- Identify how to use business entities to save tax on investments
Course Specifics
|
Course ID WC19186555 |
Revision Date February 26, 2020 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven B. Gorin is a nationally recognized practitioner in the areas of estate planning and the structuring of privately held businesses. Lawyers, accountants and business owners regularly look to Steven for fresh, highly knowledgeable insights into the best possible tax and estate planning approaches to their transactions. Steven crafts estate plans for individuals, keeping in mind their financial security and desire to save income and estate tax. In his work for businesses, Steve helps owners plan for the eventual sale (to co-owners, employees, or third parties) or transfer (to family members), and provides a legal framework for an orderly transition …
Partnership Audit Rules And Their Impact
$49.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
Webcast
Basic
CPE Credits
1 Credits: Auditing
Course Description
Starting with returns filed for the 2018 tax year, new rules apply to IRS examinations of partnership income tax returns. We will review the new procedures, when they benefit taxpayers and when they do not, and planning in light of the rules. You will learn:
- Procedures if the partnerships cannot or do not elect out of the rules.
- Electing out of the rules – how to qualify (and many surprisingly don’t) and how to elect
- The partnership representative’s surprisingly broad authority and how a partnership agreement (including an operating agreement) might address that person’s duties to the partnership (including LLC)
- How to navigate the procedures to ensure fairness to all and try to reduce administrative burdens that the rules impose on taxpayers
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the new partnership audit rules
- List issues to consider when drafting partnership sale agreements or operating agreements
- Identify how to use business entities to save tax on investments
Course Specifics
|
Course ID WC19186555 |
Revision Date February 26, 2020 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven B. Gorin is a nationally recognized practitioner in the areas of estate planning and the structuring of privately held businesses. Lawyers, accountants and business owners regularly look to Steven for fresh, highly knowledgeable insights into the best possible tax and estate planning approaches to their transactions. Steven crafts estate plans for individuals, keeping in mind their financial security and desire to save income and estate tax. In his work for businesses, Steve helps owners plan for the eventual sale (to co-owners, employees, or third parties) or transfer (to family members), and provides a legal framework for an orderly transition …
Partnership Audit Rules And Their Impact
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$49.00