Image of ACPEN Signature:  2019 Partnerships & LLCs After Tax Reform
Live Webcast Replay

ACPEN Signature: 2019 Partnerships & LLCs After Tax Reform


Total Credits: 8 including 8 Taxes - Technical

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Bundles:
ACPEN Signature: 2019 Complete Package | ACPEN Signature: 2019 Basic Tax Package | ACPEN Signature: 2019 Deluxe Tax Package
Category:
ACPEN Signature |  Tax |  IRS Approved
Faculty:
C. Clinton Davis, CPA, JD |  James A. Smith |  Matthew S. Beard, JD. |  Ronnie C. McClure, PhD, CPA
Course Levels:
Update
Duration:
8 Hours
License:
Access for 30 day(s) after program date.


Description

The taxation of LLCs and other entities taxed as partnerships continue to change.  The IRS is taking an increasingly aggressive approach on application of the self-employment tax to partners and is winning in the courts.  There are new, complex audit rules which are now in effect and most clients have not yet changed their agreements to address them.  The new 199A pass-through entity deduction continues to evolve as new final regulations were issued in January of 2019.   More are on the way!

20 Clients still have issues in connection with the granting of interests to employees and the reporting changes that necessitates as former employees become partners. And the taxation of gain on sale of carried interests has been modified.  Some client may want to convert to an S corporation but there are numerous ways to accomplish that, each with slightly different tax consequences.

 

**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 leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • TBD

Major Subjects
  • TBD

Course Materials

Faculty

C. Clinton Davis, CPA, JD Related seminars and products: 6

Krage & Janvey, L.L.P.


C. Clinton Davis, JR. practices law in the Dallas, Texas law firm of Krage & Janvey, L.L.P.  He was licensed in Texas in 1982, has been Board Certified in Tax Law by the Texas Board of Legal Specialization since 1988 and is a member of the College of the State Bar of Texas.  He has also been licensed as a Certified Public Accountant in Texas since 1980 and as an attorney in Florida since 1980.  Mr. Davis attended law school at Southern Methodist University and received his Juris Doctor degree, cum laude, in 1980.  At SMU, Mr. Davis was selected to membership in the Order of the Coif, an honor society limited to graduates in the top 10% of the graduating class.  Mr. Davis received his bachelor of science degree in accounting from Northwestern State University of Louisiana where he graduated first in his class.  Mr. Davis is a frequent speaker at CPE programs and conferences.  He is the author of the TSCPA programs Principles of LLC and Partnership Taxation:  An Introduction to Subchapter K, Navigating the LLC and Partnership Allocation and Basis Minefield, and LLC and Partnership Taxation for the Sophisticated Practitioner. 


James A. Smith Related seminars and products: 8

CPA, Managing Director

Smith, Jackson, Boyer & Bovard, PLLC


James A. Smith, CPA, serves as Managing Director of Smith, Jackson, Boyer & Bovard, PLLC, a Dallas based, full service Certified Public Accounting firm. Mr. Smith began his career with a major international accounting firm where he served in both the audit and tax divisions. Mr. Smith has appeared as a featured commentator on all four Dallas/Ft. Worth network news stations, including three and one-half years as a featured business commentator on KXAS, TV5; on the TSCPA “CPAs on Call” state wide tax television program; and on various radio news programs. He has conducted seminars on tax and financial planning for the Dallas Chapter of the TSCPA and stock brokerage firms and life insurance companies, and on marketing and practice management for the TSCPA, the North Carolina Association of CPAs, the Arkansas Society of CPAs, the Pennsylvania Institute of CPAs, and the American Institute of CPAs. Mr. Smith served as Chair of the Texas Society of CPAs (TSCPA) for the 2007-2008 year, and as a member of its Executive Board and its Board of Directors. He is currently serving a three year term as an elected member of the American Institute of CPAs (AICPA) Council and is an appointed member of the AICPA Accounting and Review Services Committee. In recognition of his service, Mr. Smith has been named by the TSCPA as Outstanding Steering Committee Chairman for the year 1999-2000, Outstanding Committee Chairman for the year 1995-1996, and Outstanding Committee Member for the Year 1992-1993 and 1995-96. The Dallas Chapter of the TSCPA also named him CPA of the Year for 1999-2000. Mr. Smith is a Certified Public Accountant in the state of Texas and is a graduate of Southern Methodist University with a BBA in Accounting and Economics.


Matthew S. Beard, JD. Related seminars and products: 2


Matthew S. Beard, JD, practices with the firm of Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P., based in Dallas, Texas. His practice spans two broad areas of taxation: estate planning and probate and income tax and business planning. In his estate planning and probate practice, Mr. Beard designs and implements estate and business succession plans with an emphasis on federal tax issues. He often works closely with accountants, bankers and financial advisors in this process. Mr. Beard also represents fiduciaries in all facets of estate and trust administration. This typically includes court proceedings, tax matters, administration and transfer of assets, and matters before the IRS. Mr. Beard is the author of "An Introductory Guide to Tax and Estate Planning," which provides an introduction to estate planning under Texas law and planning for federal estate, gift, and generation-skipping transfer taxes. On transactional matters, Mr. Beard advises clients with a focus on tax issues. He works with a broad range of entities, such as partnerships, limited liability companies, and publicly traded "C" corporations.  Transactions include formations, acquisitions/mergers, and liquidations.  Mr. Beard is the author of "Annotated Tax Provisions for Limited Liability Companies," which includes tax provisions for company agreements with explanations of how the provisions operate and provide pass-through taxation. Prior to joining the firm in 2012, he was an associate with one of the largest Texas-based law firms.


Ronnie C. McClure, PhD, CPA Related seminars and products: 2


Ronnie C. McClure, PhD, CPA has worked in the individual, family, corporate, partnership, trust, and non-profit sectors of tax law for more than thirty years. He has taught federal taxation at the university graduate school level and conducted hundreds of seminars, speaking on a wide range of tax and estate planning topics important to businesses, families, private foundations, and public charities. Through his guidance, Ronnie's individual, corporate, and charitable organization clients have benefited from his expertise by knowing that his counsel is based on sound principles and background. Ronnie has written and edited over two dozen continuing professional education courses for accountants and attorneys on a wide range of federal income and wealth transfer tax topics, and has spoken throughout the nation on these issues. Ronnie is very active in his community both professionally and personally. He is currently Vice President of the Dallas Estate Planning Council, a member of the American Counseling Association, and the International Association of Marriage and Family Counselors. He has volunteered his time by serving on the governing boards of numerous charitable organizations and is currently on the Advisory Council of Communities Foundation of Texas. He studied at Lamar University, the University of Texas, the University of North Texas, and Texas Woman's University. He holds a BBA in Economics, a Masters in Professional Accounting, an MEd in Family Counseling, a PhD in Taxation, and a certificate in Conflict Resolution. In addition, he is a Certified Public Accountant (CPA) and a Nationally Certified Counselor (NCC). Ronnie resides in Lewisville, Texas and is the proud father of Ryan Christopher and Dustin Tyler, and the grandfather of Reilly Cade and Aden Michael McClure. When he is not spending his time with family and friends, Ronnie enjoys traveling, learning, and is an avid reader.


Dates

Fri, Nov 22, 2019 - 09:00a to 05:00p CST
Fri, Nov 22, 2019 - 01:00p to 09:00p CST
Thu, Dec 05, 2019 - 09:00a to 05:00p CST
Thu, Dec 05, 2019 - 01:00p to 09:00p CST
Mon, Dec 23, 2019 - 09:00a to 05:00p CST
Mon, Dec 23, 2019 - 01:00p to 09:00p CST
Fri, Jan 03, 2020 - 09:00a to 05:00p CST
Fri, Jan 03, 2020 - 01:00p to 09:00p CST
Tue, Jan 21, 2020 - 09:00a to 05:00p CST
Tue, Jan 21, 2020 - 01:00p to 09:00p CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Course Developer Business Professionals' Network, Inc.
Yellow Book No
Original Recording Date 11/13/2019
Date Added to Catalog 02/11/2019
Designed For

Public Practitioners


Additional Information

Instructional Delivery Method Group Internet Based
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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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