The New Partnership Audit Procedures

Course Details

Date

Tuesday, August 20, 2019

5:30am – 9:00am
(Registration: 5:00am)

Field of Study

Taxation

Course Number

4193486B

CPE Credit

4.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

A minimum of two-years of partnership taxation experience.

Description

Beginning in 2018, Congress enacted entirely new partnership examination procedures that replace the long-standing TEFRA audit procedures. Get an overview of the new examination process.

The examination process dramatically changes and new terms & definitions must be understood. Virtually all existing partnership agreements must be reviewed and revised.

Highlights

  • Overview of the New Partnership Examination Regime
  • Who "acts" for the partnership
  • Opt-out provisions in the rules
  • Tax at the partnership level
  • Avoiding tax at the partnership level and limitations
  • Representing the partnership and/or partners in an examination
  • Essential partnership agreement provisions
  • Unanswered matters including state tax authority responses

Objectives

  • Identify the new partnership examination process
  • Determine the alternatives to imposition of tax at the partnership level
  • Recognize partnership agreement issues that must be addressed with legal counsel
  • Recognize and avoid conflicts of interest when advising and representing the partnership and/or partners

Designed For

CPAs and tax professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$120.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$188.00
Your Price $188.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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