On-Demand: Turning Theory to Practice - Partnerships
IRS Program #: X9QQU-T-00905-22-S
CTEC #: 6257-CE-0110
CE: 2 IRS CE & 2 CTEC credits
Speaker: Darryl Brown, PhD, EA, CPA
When it comes to taxes, there is always a gap between knowledge acquisition and the application of such knowledge. This course seeks to bridge that gap by providing real-world examples using the case study method. Building on the knowledge obtained in the other certificate courses, our case study will examine a partnership from inception to liquidation, and cover topics such as contributions, distributions, sales of partnership interests, redemptions, unreimbursed partnership expenses, information necessary to prepare a complete and accurate partnership income tax return, and array of other items. An overarching goal of the course is to demonstrate--through examples--how to apply the knowledge obtained in the other partnership certificate courses.
Learning Objectives:
- Understand the process and information necessary to prepare a complete and accurate partnership income tax return
- Understand when a partnership exists, when it begins, and when it terminates (for tax purposes)
- Tax accounting for contributed built-in gain or loss property
- Allocating liabilities under Section 752
- Tax accounting for unreimbursed partnership expenses
- Calculate tax basis capital accounts, and other concepts learned elsewhere in the certificate program
Continuing Education
This course qualifies for IRS Continuing Education Hours and CTEC 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. If you require CTEC hours, email education with your CTEC member number.
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.