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Live Webcast Replay

How to Not Get Crushed by Income Tax Collection from a Partnership - Centralized Partnership IRS Audit Rules: Biggest Change in History of Partnership Taxation


Total Credits: 3 including 3 Taxes - Technical

Average Rating:
   4.5
Category:
ACPEN Industry Institute |  IRS Approved |  Tax
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Intermediate
Duration:
3 Hours
License:
Access for 30 day(s) after program date.

Dates

Price


Description

Learn about Centralized Partnership IRS Audit Rules, one of the biggest changes in history of partnership taxation.  Partnerships will be taxed like C Corps if we don’t defend.

 

**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
  • What is an “imputed underpayment” liability of a partnership? 
  • What is a “push out” election and how does a partnership get decimated without it?
  • May a partner do the right thing and “amend out” or “pull in”? 
  • How must partnership/LLC operating, buy-sell, contribution, dissolution and loan agreements be revised to avoid problems?
  • Who is a “partnership representative (PR)”? If we don’t choose one, IRS will for us (not even close to good)

Major Subjects
  • Not to get crushed by IRS collection of income tax from a partnership
  • How the tax preparer can decimate a partnership’s future (or save it)
  • To avoid ugly partnership level income tax at highest rate (and perhaps no basis step up for partners)
  • To protect clients by electing out of new regime - who, how, when and why
  • Congress’ Technical Corrections one month ago greatly expanded CPAR
  • To identify whether S corporations may look better than partnerships now
  • To lead your client to prepare in earnest today   

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 19


Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 


Dates

Wed, Oct 14, 2020 - 10:00am to 12:48pm CDT
Thu, Oct 22, 2020 - 02:00pm to 04:48pm CDT
Thu, Nov 05, 2020 - 10:00am to 12:48pm CST
Tue, Nov 17, 2020 - 02:00pm to 04:48pm CST
Mon, Dec 07, 2020 - 10:00am to 12:48pm CST
Tue, Dec 22, 2020 - 02:00pm to 04:48pm CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All CPAs
Original Recording Date 07/19/2018
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 07/18/2018

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. 


Promo Video

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Overall:      4.5

Total Reviews: 28

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