TCJA and CPAR Impact on Partnerships and Partners

Course Details

Date

Tuesday, October 29, 2019

3:30am – 7:00am
(Registration: 3:00am)

Field of Study

Taxation

Course Number

4193803C

CPE Credit

4.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

General knowledge in partnership taxation.

Description

Learn the impact of recent Tax Cuts and Jobs Act (TCJA) guidance on partnerships and partners as well as compliance and strategies relating to the Centralized Partnership Audit Rules (CPARs). Because Gary McBride is thoroughly covering § 163(j) and 199A in separate CalCPA courses, coverage of those topics will be very limited in this course.

Highlights

  • The new carried interest rules for partners.
  • The prop. regs. covering new partnership withholding and reporting for dispositions by foreign partners.
  • Increased significance of section 743(b) adjustments.
  • The final regulations on the mandatory centralized partnership audit rules (CPARs).
  • The "push out" election on new IRS Form 8988.
  • Considerations in designating a partnership representative.
  • Partnership reporting obligations with respect to §§163(j) and 199A.

Objectives

  • The new carried interest rules for certain partners.
  • Bonus depreciation with respect to section 743(b) adjustments.
  • Increased section 199A UBIA on “excess section 743(b) adjustments”.
  • Prop. regs. on partnership withholding and reporting for dispositions by foreign partners.
  • Key points in the recent final regs. on the centralized partnership audit regime (CPAR)
  • New IRS Form 8988 and the "push out" election.
  • Elimination of deemed partnership terminations.
  • Partnership reporting obligations with respect to §§163(j) and 199A.

Designed For

Attorneys and CPAs.

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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