|Full time Accounting Educator:||None|
On proposed 2019 Forms 1065, Schedules K-1 and in related instructions, IRS is launching massive new reporting requirements re: negative tax basis capital accounts, at-risk activities, passive activities, partner level built-in gains and many more. Chaos has resulted. IRS has backed off some, but massive new disclosures remain. We can’t wait to be a deer in the headlights in tax season. We’ve got to get on this one now.
**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 firstname.lastname@example.org.
- How partnerships (and S Corps) face the at-risk (and passive) activity reporting blues (and what to do about them)
- Negative tax basis capital account reporting – What must be computed and disclosed (and by when)
- Plethora of other new info required (built-in gains lying in wait, disregarded entity partners, new disguised sale reporting and more)
- 2019 Form 1065 and K-1
- Disregarded entity partners
- 3 year average annual gross receipts test
- Negative capital accounts
- Basis in partner’s partnership interest
- Disguised sales
- §704(c) Built-in gains and loss
- Aggregation of at-risk activities
- Grouping of passive activities
This event has already passed. If you have any questions, please contact us at 503-641-7200 or email email@example.com.