Partnership Essentials and Reporting Basis

Wednesday, August 17 8:30am - 4:30pm

(Check-In 8:00am)

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Hillcrest Country Club

9401 East O Street
Lincoln, NE 68527

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8.00 Credits

Member Price $305.00

Non-Member Price $355.00

Overview

This course will now be held at Hillcrest Country Club in Lincoln.

The IRS has made some game-changing updates on the reporting of partnership basis. This course examines the critical issues and special opportunities facing partnerships and their partners, as well as the relationship between limited liability companies and partnerships. New tax basis and capital accounting reporting rules will be addressed, as well as the impact of recent legislation on the tax structure of partnerships and LLCs and the significant impact of the new Section 199A flow-through entities deduction on partnerships.

Highlights

Recent tax legislation, rulings and developments affecting Partnerships and LLCs. Basis and capital account reporting on Form 1065 Schedule K-1. New Section 163(j) interest expense deduction. New rules on meals and entertainment expense reporting. Transportation fringe benefits. New partnership audit rules. Opportunity zones. Section 754 self-employment tax.

Prerequisites

Basic working knowledge of partnerships and LLCs.

Designed For

Practitioners with partnership clients and those seeking knowledge on thorny partnership issues.

Objectives

Upon completion of this course you will be able to: Define the tax consequences and various liabilities for both partnerships and LLCs. Discuss the impact of the new Section 199A deduction on partnerships. Apply planning opportunities and potential pitfalls.

Preparation

None

Notice

Parking and lunch are provided on-site. This event is paperless. All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the “My CPE” section of the NESCPA website.

Leader(s):

  • Doug Van Der Aa

Non-Member Price $355.00

Member Price $305.00