Welcome to ACPEN
We are pleased to announce the expansion of the ACPEN Industry Institute webcast time offerings in order to accommodate a broader range of schedules. Several alternating weeknights and two Saturdays per month are being added to the mix to give you additional programming options! When registering for webcasts, please make note of whether the course is an AM or PM start time.
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On-Site Group
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Individual Viewer
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Partnerships and LLCs Update
Length: 8 Hours
CPE Credits:
8
Field of Study 1:
Taxation
Program Level (Basic, Update, Intermediate, Advanced, Overview):
Update
Prerequisites:
None
Advanced Preparation:
None
Instructional Delivery Method:
Live Group Internet Based
Course Registration Requirements:
Online Registration
Designed For:
Public Practitioners
Refund/Cancellation Policy:
Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Complaint Resolution Policy:
Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement:
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Program Description
As the use of partnerships and LLCs expands, this area of practice is becoming increasingly important to CPAs in private practice and in industry practice settings. Major changes are occurring. New entities called “Series LLCs” now exist in eight states with more on the way. We’ve seen the Tax Court decline to treat a contributor of capital and services in exchange for a 20% profits interest as a partner. Limited Partners (and LLC and LLP members) who work in the partnership business may now be subject to self-employment tax under a recent court case limiting the limited partner definition for self-employment tax purposes. Use of LLCs and similar entities in the foreign arena is becoming increasingly complex. There are new approaches on protecting clients in TEFRA audits and collections. The IRS has revised the Form 1065 and some new changes are on the horizon. At risk amounts for LLC members are producing a trap for the unprepared. ... Read More
This video is part of Crap This video is part of ACPEN Premium Series 2012 This video is part of May 7 Test
Produced By:
ACPEN
Faculty
- Joel N. Crouch, JD
- Joel N. Crouch, JD, is a partner with the law firm of with Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P., based in Dallas, Texas. Mr. Crouch is Board Certified in Tax Law by the Texas Board of Legal Specialization. His practice focuses on resolving or litigating controversies with the Internal Revenue Service. Mr. Crouch represents individuals and businesses in IRS audits, appeals and litigation in United States Tax Court, Federal District Court and Federal Court of Claims. In addition, he has represented clients in resolving tax matters with the State of Texas. In addition to his civil practice, Mr. Crouch also represents individuals and corporations involved in criminal investigations. He has experience in tax fraud, bankruptcy fraud, bank fraud and environmental matters. Mr. Crouch is a member of the Collin County, Dallas and the American Bar Associations, and the State Bar of Texas. He is also a member of the Tax, Criminal and Litigation Sections of each of these organizations. Mr. Crouch is an active speaker on substantive and procedural tax issues for the Texas Society of Certified Public Accountants (TSCPA), TSCPA Chapters and other professional groups. Joel co-authored an article in the May/June 2006 issue of The Value Examiner (National Association of Certified Valuation Analysts publication) titled, "6 Keys to Avoiding Section 6701 Penalties." He was named a Texas Super Lawyer in 2003, 2004 and 2005 by Texas Monthly and Law & Politics Magazine. Mr. Crouch was born in Suffern, New York in 1962. He received his B.A. in Mathematics from Southern Methodist University in 1985 and his J.D. from the University of Texas School of Law in 1988.
- C. Clinton Davis, Jr., CPA, JD
- William H. Hornberger, CPA, JD
- Ronnie C. McClure, PhD, CPA
- Robert Probasco
- Robert D. Probasco, JD, CPA, practices in the Dallas office on Thompson and Knight, LLP. He focuses his practice on IRS audits and appeals and tax litigation. In representing taxpayers in disputes with the IRS, he responds to audit inquiries, drafts protest letters and position papers in response to proposed tax adjustments and penalties, participates in appeals conferences, and prepares and tries tax cases. Mr. Probasco has represented taxpayers in tax disputes covering a broad range of issues. He is a Certified Public Accountant in Texas.
- James A. Smith, CPA
- Dwight Smith, CPA
- Dwight Smith, CPA, is a Senior Manager in the Tax Department of the firm of Frazier & Deeter, in Atlanta, Georgia. Dwight Smith brings more than 10 years of accounting and tax experience. Dwights primary responsibilities include providing tax consulting and compliance services for REITs and other real estate industry clients, as well as professional service firms. He also manages client engagement research, provides consultation on various tax matters, and supervises staff and senior-level work. Prior to joining Frazier & Deeter, Dwight spent six years at Arthur Andersen, rising from staff accountant to manager level during his time there. While most of his time was spent working with large international clients in the real estate industry, Dwight also gained experience working with high wealth individuals, non-profits and professional service firms. He also worked as a tax manager for a privately held, billion dollar sales manufacturing company. There, Dwight managed all tax planning and compliance, including, income, sales, property and international taxes. Dwight holds a Bachelor of Business Administration degree from the University of Georgia. He is a member of the Georgia Society of Certified Public Accountants, as well as the American Institute of Certified Public Accountants.
- Bill H. Wilson
Course Materials
- Course Evaluation (2 pages)

- Course Manual_Updated 10_17 (200 pages)

- Choice of Entity Outline_Not in Complete Book (166 pages)

- Course Outline_10_24_11 (3 pages)

- Questions and Answers

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For Catalog Support: 1-800-747-1719 or email support
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