Description
LLCs and partnerships continue to present some of the greatest challenges for return preparers and advisors. This program will address the latest developments:
- New IRS audit initiatives
- An SE tax update for LLCs and partnerships
- Disregarded entity rules and transactions
- Common allocation problems
- Identifying various types of partnership debt properly for basis purposes
- The 754 election in the sale of interests and at death
- Reporting LLC and partnership interests on gift and estate tax returns and valuation of closely held businesses and minority interests
**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 kori.herrera@acpen.com.
