Partnership Taxation Online Course | 7.0 hrs CPE Credit

This Course is Also Available in Self Study (On-Demand)

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Course Description
Course Qualification
Presenter
Faq

Course Description

Creating the partnership agreement and setting up the proper entity/structure for the partnership are the two most important steps in the partnership process. Understanding the mechanics of how your business will be managed is the key to designing your partnership agreement and documenting the terms.

This online CPE/CE course aims to provide tax professionals with a comprehensive understanding of basic and complex partnership taxation issues. You'll be equipped to identify problems and opportunities in transactions involving partnership formation, transactions with partners, basis, partnership distributions, allocations, and other key areas.

This online continuing education course covers all the aspects of partnerships from its formation to liquidation.

This online CPE/CE webinar covers the following key topics-

Partnership formation
Operations of a partnership
Administration issues
Income allocations
Basis and debt allocations
Basis considerations, including inside and outside basis
Transactions with owners
Distributions
Passive activity rules
The Section 199A qualified business income deduction
Basic adjustments under IRC 754
Sale or liquidation of the partnership interest

Learning Objectives

To discuss the basis of partnerships
To discuss types of partnership
To determine how special allocations work
To discuss accounting methods and other operating rules
To discuss tax treatment for partnerships

Recommended For

This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, and other tax professionals interested in comprehensive learning from partnership formation to its liquidation.

Who Should Attend?

Accountant
Accounting Firm
Bookkeepers & Accountants & Tax Preparers
California Registered Tax Professional
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Enrolled Agent
Maryland Tax Preparers
Oregon Tax Preparers
Tax Accountant (Industry)
Tax Director (Industry)
Tax Firm
Tax Managers
Tax Practitioners
Tax Preparer
Tax Professionals

Course Qualification

Webinar Qualifies For

7 CE Credit of Federal Tax Update for Enrolled Agents (EA) (Approval No. GEHNZ-T-00545-21-O)
7 CPE Credit for Certified Valuation Analyst (CVA)
7 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
7 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0526)
7 CE Credit of Taxes for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-00545-21-O)
7 CE Credit of Federal Tax Update for Tax Professionals (Approval No. GEHNZ-T-00545-21-O)
7 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00545-21-O)

Presenter

About Presenter

Nicholas Preusch

Certified Public Accountant (CPA) Nicholas Preusch

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

About Company

Nicholas Preusch

yhbcpa.com/

Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP. Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the VSCPA’s Tax Advisory Committee and the AICPA’s Tax Practice and Responsibilities Committee. Nicholas is an adjunct professor with the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

34 Ratings

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CMH

Coralee M Hunter, EA

Dec 20th, 2021

This was an excellent webinar

Jack London, CPA/ABV, CFF, CFE, CPA (US), CVA

Dec 13th, 2021

very good experience.

Rachid Bensaoud, CPA (US)

Jul 13th, 2021

Very informative

Kelly Smola, CPA (US)

Aug 24th, 2021

So it was a great program and the instructor was awesome. I think it would be better if it was split into 3 parts and offered over several days. It is hard to absorb that much material straight through in one day. I would even pay a little more to get it in smaller doses.

Mary Leger, Others

Jul 6th, 2021

The instructor was very good! I do have an issue though. This is my second CPE class. I am not a CPA, I am a MBA but work closely in real estate accounting for private investors. My perspective on the program is that the instructor seems to go slowly through the first part, actually explaining what partnerships are...which is something a CPA should have known already, for quite some time. The last few sections of the program move much quicker, and reference several IRS codes. I am not sure if the CPA should know those codes offhand like that, much like the partnership structure? The program seems to go VERY fast through those items. Anyway, love the classes and will keep attending!