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New Partnership Audit Rules

Nicholas Preusch

YHB | CPAs & Consultants

Thursday, April 02, 2020 | 02:30 PM EDT

  • CPA

1 Credit


Subject Area


Course Description

The new partnership audit rules have the audit done at the partnership level and all taxes due are paid by the partnership. In addition, the new rules replace the Tax Matters Partner with a Partnership Representative. For every partnership return, the company will need to make decisions such as if they want to elect out of these new rules if they are eligible to elect out, who should be the partnership representative and what malpractice issues do the practitioners need to worry about.

Learning Objectives

  • New rules and the different traps practitioners may face when preparing partnership returns.
  • Different elections that are available for taxpayers
  • How the new partnership audit rules will function.
  • Different things business entities can do in order to protect the partner’s interest as best as possible.

Who Should Attend?

  • CEO
  • CFO/Controller
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Finance Pros
  • Legal Professionals
  • Others
  • Outsourced CFO
  • Tax Attorney
  • Tax Firm
  • Tax Practitioners
  • Tax Pros
  • VP Accounts
  • VP Finance