How to Not Get Crushed by Income Tax Collection from a Partnership - Centralized Partnership IRS Audit Rules: Biggest Change in History of Part

Previous Add to Calendar Next

Aug 13, 2020

Registration: 11:30 AM / Program: 12:00 PM - 3:00 PM Pacific Time


Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None


Learn about Centralized Partnership IRS Audit Rules, one of the biggest changes in history of partnership taxation.  Partnerships will be taxed like C Corps if we don’t defend.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Designed For

All CPAs


  • What is an “imputed underpayment” liability of a partnership? 
  • What is a “push out” election and how does a partnership get decimated without it?
  • May a partner do the right thing and “amend out” or “pull in”? 
  • How must partnership/LLC operating, buy-sell, contribution, dissolution and loan agreements be revised to avoid problems?
  • Who is a “partnership representative (PR)”? If we don’t choose one, IRS will for us (not even close to good)

Major Subjects

  • Not to get crushed by IRS collection of income tax from a partnership
  • How the tax preparer can decimate a partnership’s future (or save it)
  • To avoid ugly partnership level income tax at highest rate (and perhaps no basis step up for partners)
  • To protect clients by electing out of new regime - who, how, when and why
  • Congress’ Technical Corrections one month ago greatly expanded CPAR
  • To identify whether S corporations may look better than partnerships now
  • To lead your client to prepare in earnest today   

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email