Guide to Partner Capital Account Reporting Webinar

Jan 24
10:00 a.m. - 12:00 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 have rules changed in recent years regarding partner capital accounts? This webinar covers exactly that. For tax practitioners preparing partnership 1065 forms, this course explains these complex 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
Beginning capital account for partnerships and partners consistently reporting on the tax basis

Registration

PICPA Member: $99
Nonmember: $149

More Information

Course No. CPMB-2024-01-WEBNR-24-01 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.