Current Issues in Pass-Through Entity Taxation
IRS Program #: X9QQU-T-00873-22-S
CTEC #: 6257-CE-0084
CE: 2 IRS CE and 2 CTEC CE credits
Speaker: Allan J. (AJ) Reynolds, EA
As a tax professional, it’s imperative to know how new and existing tax laws will affect your clients and their businesses.
This session will plunge deep into the abysmal bomb shell of K-2 & K-3 filing requirements that will likely affect a majority of our Partnership and S Corporations clients. Furthermore, we will cover partner’s basis, shareholder’s basis and Form 7203. Finally, we will discuss BBA partnership issues and updates.
Each Tax Year brings new challenges and 2022 will be no exception. Join us for this fast-paced, must-attend session, where you will receive significant guidance, updates, and handouts making these complicated topics less confusing.
Learning Objectives:
- Analysis & updates of recent IRS guidance & transitional relief.
- Describe who does notneed to file K-2 & K-3 for tax year 2021.
- Define who does need to file K-2 & K-3 for tax year 2021.
- Explain who will need to file K-2 & K-3 for tax year 2022.
- Analysis of what parts of K-2 & K-3 will need to be filed.
- Review basis calculations for partners and shareholders.
- Issues associated with basis
- Examine Form 7203.
- Why an updated partnership agreement is critical under the BBA.
- Overview of BBA and what is new.
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at education@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.