New Partnership Audit Rules
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 9
- Categories:
- Partner Produced | Tax
- Speaker:
- Doug J. Van Der Aa, CPA, JD, CPA, JD
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
Description
The Bipartisan Budget Act of 2015 repealed the TEFRA Partnership Audit regime that we’ve known for 30+ years. Beginning in 2018, any audit adjustments will normally be assessed and collected from the Partnership in the year of audit, not the partners in the year under audit! The IRS has issued proposed regulations which flesh out the new regime, including available elections to push the tax out to the partners, and the option to elect in early. This webinar will examine these new rules, and discuss possible modifications to your partnership and LLC operating agreements.
Basic Course Information
Learning Objectives *Define and provide an understanding of the new partnership and LLC rules *Apply planning opportunities and potential pitfallsMajor Subjects *Review of the Bipartisan Budget Act of 2015 *New rules of partnerships and LLCs *Partnership and LLC operating agreement *Assessment of audit adjustments. *Proposed regulations on available elections.
Course Materials
| New Partnership Audit Rules_Handout_Doug Van Der Aa_4.26.2017_Slides (0.53 MB) | 32 Pages | Available after Purchase |
| Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
Speaker
Doug J. Van Der Aa, CPA, JD, CPA, JD Related Seminars and Products
Van Der Aa Tax Ed, LLC
Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.
Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.
Additional Info
Basic Course Information
Prerequisites A basic working knowledge of partnership taxationAdvanced Preparation None
Designed For Practitioners with partnership clients and those seeking knowledge on thorny partnership issues.
Original Recording Date 04/26/2017
Yellow Book No
Course Developer MICPA
Date Added to Catalog 04/05/2017
Additional Information
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
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.
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