Partnership Audit Rules And Their Impact FLEXCAST

Overview

Starting with returns filed for the 2018 tax year, new rules apply to IRS examinations of partnership income tax returns. We will review the new procedures, when they benefit taxpayers and when they do not, and planning in light of the rules.

Highlights

Partnership Election of Rules. Electing out of Rules. Partnership Representatives. Reduce Administrative Burdens.

Prerequisites

None.

Designed For

CPAs, controllers, accountants, financing professionals, business owners, and managers.

Objectives

Identify the new partnership audit rules. List issues to consider when drafting partnership sale agreements or operating agreements. Identify how to use business entities to save tax on investments.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.