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ACPEN Signature 2024: Partnership and LLCs Tax Return Preparation

Friday, January 3
 10:00am - 6:00pm

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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):

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.

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Non-Member Price $300.00

Member Price $250.00