Introducing Partner Capital Account Reporting Webinar

Feb 2
2:00 - 4:00 p.m.

Online

2-Tax
CPE Credits

Tax practitioners are responsible for presenting partner capital accounts on the tax basis. But what does this mean and how does it differ from prior year rules regarding partner capital accounts? This webinar covers exactly that — how the rules regarding the presentation of partner capital accounts differ from preceding years. For tax practitioners preparing 2021 partnership 1065 forms, this course explains these complex new rules in practical and understandable terms.
Highlights

How a partner’s outside basis and capital account differ
Reconciling Schedule M-2 Form 1065 with Partnership K-1 Schedule L
IRS requirement to report partner tax basis on the transactional approach
Implications if a capital account is negative
Deficit restoration accounts and qualified income offsets
Modified outside basis method and modified previously taxed capital method
Determining a partner’s beginning capital account for 2021
Beginning capital account for partnerships and partners consistently reporting on the tax basis

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. CPMB-2023-01-WEBNR-33-01 Level: Basic

Prerequisites: Basic understanding of tax rules relating to partnerships and partners

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.