Webinar (AICPA): Tax Fundamentals of LLCs and Partnerships

Description

Acquire the basic skills you need to prepare income tax returns for LLCs and Partnerships. This course helps you identify the information required from the accounting system and the questions to ask of managers or business owners. This course provides participants with a foundation of tax principles and rules applicable to flow through entities under IRC section subchapter K. Course materials will include the impact of the Tax Cuts and Jobs Act of 2017 tax reform law. Topics discussed • Formation and the Check-the-Box rules • Profit and loss allocation • Effect of liabilities • Contributions and distributions • Reporting taxable income

Learning Objectives

Recognize differences among the various types of partnerships and an LLC~Describe how partnerships and LLCs opting to be treated as partnerships will report their federal taxable income to the IRS~Determine the tax basis of assets transferred to a partnership or LLC at formation~Explain the tax consequences and liabilities to a partnership/LLC of property transfers~Distinguish between distributions and compensatory payments to partners and recognize tax consequences of each type of payment~Apply the at-risk and passive activity loss limitations to passthrough losses from partnerships and LLCs

Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Taxes
8
Instructor(s)
William Harden
Prerequisites

Basic knowledge of pass-through entities

Register Now
When
Dec 4, 2018
7:00 am - 3:00 pm
Location
Online
Total CPE Credits
8
Format
Webinar
Instructor
William Harden

MEMBER


$ (% off)
$249.00

NON-MEMBER


$ (% off)
$319.00
Become a Member

Register for this Event

Webinar (AICPA): Tax Fundamentals of LLCs and Partnerships


Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×