ACPEN Signature 2026: Partnership and LLCs Update

Overview

LLCs and partnerships continue to present some of the greatest challenges for return preparers and advisors. This program addresses the latest developments affecting these entities, including new IRS audit initiatives, updates on self-employment tax for LLCs and partnerships, disregarded entity rules and transactions, and common allocation issues. Participants will also review how to properly identify various types of partnership debt for basis purposes, understand the use of the §754 election in the sale of interests and at death, and explore reporting requirements for LLC and partnership interests on gift and estate tax returns, including valuation considerations for closely held businesses and minority interests. The session also examines the impact of the recent Sirius Solutions decision.  Join us for the course! And as with all ACPEN courses, your questions to the panelists are encouraged.

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 terri.storer@acpen.com

Highlights

• IRS audits
• Allocations and Basis
• Proper reporting
• Valuation of closely held business interests
• Impact of the Sirius Solutions Decision

Designed For

Industry and Public Accountants

Objectives

• Learn about new IRS audit initiative.
• Learn to avoid allocation and basis calculation errors.
• Identify disregarded entities for income tax purposes and how those are treated differently under other taxes.
• Understand how partnerships and LLCs are addressed in estate and gift tax reporting rules.

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!