Federal Tax Update - Partnership Updates
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Tax Institute | Tax | IRS Approved
- Speaker:
- Allison M. McLeod, LL.M., CPA
- Course Levels:
- Basic
- Duration:
- 2 Hours
Description
The well-informed tax practitioner will want to attend this two hour program in order to stay current on recent updates on partnership tax! Content includes recent court decisions on partnership tax issues as well as current updates to the new Forms K-2 and K-3.
**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.
Basic Course Information
Learning Objectives- Become familiar with court cases on partnership tax issues
- Learn about recent changes to Forms K-2 and K-3
- Understanding the elements of the Domestic Filing Exception
- Know when there are items of international relevance which will require the taxpayer to provide Form K-2 and K-3 to the owners
Major Subjects
- Court decisions covering partnership issues such as TEFRA, Statute of Limitations, Economic Substance, and Sec. 754 Elections
- IRS updates on Form K-2 and K-3
- Criteria for using the Domestic Filing Exception
Course Materials
Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase |
IRS Credit Request (265.7 KB) | Available after Purchase |
Speaker

Allison M. McLeod, LL.M., CPA Related Seminars and Products
Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas. She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England.
Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.
Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation and Corporate Income Tax. She also lectures in Financial Accounting and Individual Taxation on an undergraduate level. She has taught at the UNT College of Law as adjunct faculty and works part-time at the law firm of Grable Martin Fulton, PLLC. Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation. She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses. Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty. She is currently serving on the Professional Ethics Committee of the Texas Society of CPAs.
Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.
Dates
Tue, Aug 12, 2025 - 01:00pm to 03:00pm CDT
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Fri, Aug 22, 2025 - 10:00am to 12:00pm CDT
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Tue, Sep 09, 2025 - 08:30am to 10:30am CDT
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Tue, Sep 09, 2025 - 01:00pm to 03:00pm CDT
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Tue, Oct 14, 2025 - 01:00pm to 03:00pm CDT
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Wed, Oct 22, 2025 - 10:00am to 12:00pm CDT
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Tue, Nov 11, 2025 - 01:00pm to 03:00pm CST
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Tue, Dec 09, 2025 - 01:00pm to 03:00pm CST
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Mon, Dec 22, 2025 - 10:00am to 12:00pm CST
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Fri, Jan 09, 2026 - 08:30am to 10:30am CST
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Tue, Jan 13, 2026 - 01:00pm to 03:00pm CST
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Tue, Feb 10, 2026 - 01:00pm to 03:00pm CST
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Mon, Mar 09, 2026 - 08:30am to 10:30am CDT
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Tue, Mar 10, 2026 - 01:00pm to 03:00pm CDT
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Tue, Apr 14, 2026 - 01:00pm to 03:00pm CDT
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Wed, Apr 22, 2026 - 10:00am to 12:00pm CDT
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Sat, May 09, 2026 - 08:30am to 10:30am CDT
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Tue, May 12, 2026 - 01:00pm to 03:00pm CDT
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Tue, Jun 09, 2026 - 01:00pm to 03:00pm CDT
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Mon, Jun 22, 2026 - 10:00am to 12:00pm CDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For All in-house and public practice tax professionals will benefit from this timely and insightful seminar
Original Recording Date 3/25
Course Developer Allison McLeod
Date Added to Catalog 3/11/25
Yellow Book No
Additional Information
Complaint Resolution PolicyPlease 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
Instructional Delivery Method
Group Internet Based
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.