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AICPA National Tax & Sophisticated Tax Conferences with Private Foundation Summit 2020

NTA2020 - Partnership: Part I

Nov 17, 2020 12:40pm ‐ Nov 17, 2020 1:30pm

Standard: $49.00


Take a deep dive in the advanced concepts of partnership taxation in order to provide your clients with valuable advice and tax planning strategies, updated with the most recent legislation and IRS guidance affecting partnerships and LLCs.

Learn more about capital account reporting, special allocations, liquidating and non-liquidating distributions, property basis calculations under various scenarios, and sales of a partnership interest.

Learning Objectives:
  • Provide practical tips on tax capital account reporting required under Notice 2020-43 (if required for 2020 returns)
  • Consider the tax consequences to a partner/member for distributions
  • Discuss the tax consequences associated with the sale of a partner’s or member’s interest in a partnership/LLC
  • Calculate the gain that can result when a partner joins a partnership


Category: Concurrent Session (Online)

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