Courses

Surgent's Partnership Changes Created by Tax Reform (PACH)

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Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Jul 17, 2018, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Basic

The Tax Cuts and Jobs Act of 2017 made significant changes to partnership tax rules that practitioners must know in order to advise their clients. This program is a two-hour intensive webinar on the changes recently made to partnerships that practitioners will need to advise their clients.

Objective

Understand the new changes to the partnership tax rules resulting from the Tax Cuts and Jobs Act of 2017

Highlights

Repeal of technical terminations of partnerships
Recharacterization of certain gains in the case of partnership profits interests held in connection with the performance of investment services – carried interests
Treatment of gain or loss of foreign persons from sale or exchange of interests in partnerships engaged in a trade or business within the United States
Modification of the definition of substantial built-in-loss in the case of a transfer of a partnership interest
New built-in-loss rules for partnerships

Designed For

Tax practitioners who anticipate advising clients with respect to partnership tax issues

Prerequisite

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None