Reviewing Partnership Tax Returns: What Are You Missing?

Strategies to help reviewers catch errors in partnership and LLC tax returns before they are submitted.

Learning Objectives:

'- Identify the mechanics of a partnership’s tax return, including partner capital account calculations and permissible tax years.

- Determine the proper allocation of recourse liabilities among partners.

- Analyze the consequences of a new partner joining a partnership.

- Determine depreciation expense among the contributing and noncontributing partners under Section 704(c).

- Determine the value of assets with nonrecourse liabilities.

Who will benefit:

- partners and managers in CPA firms

- experienced CPA staff

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.