The Best Way for Tax Pros to Earn CE & CPE

2 IRS CE/CTEC/NASBA CPE

This Program explains the critical distinction between a partnership’s inside basis in its assets and a partner’s outside basis in the partnership interest. This course focuses on how basis is created, adjusted, tracked, and applied in common partnership transactions, including contributions, allocations of income and loss, distributions, ...

1 IRS CE/CTEC/NASBA CPE*

This 1 hour course provides a practitioner-level overview of the Bipartisan Budget Act (BBA) centralized partnership audit regime and its impact on partnership agreements. Participants will learn how the new audit rules shift authority to the Partnership Representative (PR), alter partner level rights, and change how adjustments, assessments, and elections ...

2 IRS CE/CTEC/NASBA CPE*

Deferred Sales Trusts have gained increasing attention as a planning strategy for taxpayers looking to defer capital gains tax on the sale of highly appreciated assets. This course provides a practical overview of how these arrangements are structured, the tax rules that support them, and the circumstances in which they may be considered. Participants will examine the installment sale principles under IRC Section 453, the roles of the seller, trust, trustee, and purchaser, and ...