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Live Webcast Replay

Partnership Essentials: Tax Basis Capital Accounts


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   26
Categories:
ACPEN Industry Institute |  Tax |  IRS Approved
Faculty:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

This course examines the critical issues and special opportunities facing partnerships and their partners, with a focus on reporting tax basis capital accounts. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Apply rules for reporting tax basis capital accounts
  • Identify planning opportunities and potential pitfalls

Major Subjects
  • Reporting negative tax basis
  • Tax accounting for property contributed to a partnership
  • Pre-contribution appreciation
  • Effect of the Ceiling Rule
  • Allocation of depreciation to partners
  • Form 1065, Schedule K-1
  • Tax basis capital accounts

Course Materials

Faculty

Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related Seminars and Products


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Dates

Sat, Mar 09, 2024 - 10:00am to 11:47am MST
Tue, Mar 19, 2024 - 12:00pm to 01:47pm MDT
Fri, Mar 29, 2024 - 02:00pm to 03:47pm MDT
Wed, Apr 03, 2024 - 08:00am to 09:47am MDT
Sat, Apr 13, 2024 - 10:00am to 11:47am MDT
Mon, Apr 22, 2024 - 12:00pm to 01:47pm MDT

Additional Info

Basic Course Information

Advanced Preparation None
Course Developer

Van Der Aa Tax Ed, LLC


Designed For Practitioners with partnership clients and those seeking knowledge on thorny partnership issues
Yellow Book No
Original Recording Date 06/01/2023
Prerequisites Basic working knowledge of partnerships and LLCs taxation
Date Added to Catalog 02/08/2023

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).
Course Registration Requirements Online Registration
Instructional Delivery Method Group Internet Based
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

5
4
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2
1

Overall:      4.7

Total Reviews: 26

Comments

Cynthia B - New York, New York

"Really one of the best instructors."