Advanced Partnership Issues-Featuring the New Partnership Audit Regime andTax Cuts and Jobs Act Changes

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APIA-SF  |  In Person Training  |  Advanced  |  Scheduled

Special Notes

  • This course is co-sponsored with the South Dakota CPA Society. Course materials will be distributed electronically to all participants 5-7 days prior to the course.

Curriculum

  • Taxation

Prerequisites

Experience advising clients on tax matters

Designed For

CPAs and other business professionals

Objectives

To explore and understand how the new rules radically change the nature of partnership examinations and the impact on the structure of partnerships.

Highlights

  • The new partnership audit rules that were part of the Bipartisan Budget Act of 2015
  • IRS guidance on the new audit rules, including proposed regulations as well as any Congressional revisions that take place in the current year
  • Liabilities and their allocation to owners’ basis—Sec. 752
  • Determination of owners’ distributive share including special allocations—Sec. 704(b)
  • Adjustments for contributed property—Sec. 704(c)
  • Optional adjustments to the basis of entity property—Section 754 election
  • Distribution of “HOT” assets—Sec. 751
  • Payments to a retiring partner or member—Sec. 736
  • Carried interest three year holding period—Sec. 1061
  • Current developments—Court cases and IRS rulings
Your Price: $370.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. This price includes the early-bird discount. Full prices will be applicable to all registrations after July 30, 2019.

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Instructors

Edward K. Zollars

Show Bio

Edward K. Zollars, CPA is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for over twenty five years, specializing in tax issues for closely held businesses and individuals. Ed has been professionally involved with both tax and technology issues, combing the two disciplines in starting the first tax podcast (Ed Zollars Tax Update, produced weekly dealing with current tax issues). He has been a member of AICPA Tax Division Committees dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Ed has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid 1990s. He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.

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