Webinar: How New Partnership Rules Impact Basis Shifting and Tax Strategies
WB918 | Course | Intermediate | Scheduled
Description
With recent updates to partnership tax regulations, including adjustments to the rules surrounding the allocation of income, deductions, and credits among partners, businesses and individuals must adapt their strategies to remain compliant while maximizing tax efficiency. This session explores the significant changes in partnership taxation and their implications for tax planning, with a focus on "basis shifting," allowing partners to adjust the tax basis in their partnership interests to reduce taxable gains or maximize deductions.
**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.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
CPAs in public practice and members in industry seeking a better understanding of partnership taxation rules
Prerequisites
Basic working knowledge of partnership taxation
Highlights
- Overview of new partnership taxation rules
- Explore the new Form 7216, Multi-Year Reporting related to Section 355 Transactions
- Tax benefits of “basis shifting”
- Discuss Form 8308, reporting the sale of exchange of partnership interest
- Partnership allocation and profits interest
- Self-employment tax
- Provide planning partnership taxation planning strategies
Objectives
- Identify changes in partnership taxation
- Apply new rules to optimize tax structures and ensure compliance
- Apply planning strategies and review potential pitfalls
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $79.00
- Non-Member (Early Bird)
- $109.00
- Member
- $79.00
- Non-Member
- $109.00