ACPEN Signature 2024: Partnership and LLCs Tax Return Preparation
Online
8.00 Credits
Member Price $250.00
Non-Member Price $300.00
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 kori.herrera@acpen.com.
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
Highlights
- IRS audits
- Allocations and Basis
- Proper reporting
- Valuation of closely held business interests
Designed For
Industry and Public Accountants
Prerequisites
None
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/Account/loginhttps://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
- J. Michael Inzina, J. Michael Inzina, CPA
- Jenifer Wyss, Supervising Project Manager, FASB
Leader Bios
Jenifer Wyss, Supervising Project Manager, FASB
Jenifer Wyss is a Supervising Project Manager at the Financial Accounting Standards Board (FASB). She serves as the coordinator for both the FASB’s Not-for-Profit Advisory Committee (NAC) and the Private Company Council (PCC). She is currently working on the Improvements to Income Tax Disclosures Project and a PCC research project on stock compensation disclosures. Before joining the FASB, Ms. Wyss spent 18 years in public accounting. Most of those years were spent at RSM where she was a Partner in their St. Louis office. Jenifer earned her B.S. in Accounting from Eastern Illinois University and is a certified public accountant in Missouri and Illinois.
Non-Member Price $300.00
Member Price $250.00