Master complex partnership tax reporting and critical elections to protect clients from severe IRS penalties, avoid double taxation, and optimize high-stakes transactions.
You already know what you need to do. The package collapses every step into one purchase.
Structured around your CPD requirements.
Most providers issue you a stack of 2 separate PDFs. We issue one consolidated certificate that lists every topic, hours per topic, and totals — exactly what your professional body needs to file. Per-course certificates are still available if you prefer.
Each course is a standalone module.
Partnership tax law is notoriously complex, and navigating highly scrutinized reporting requirements and intricate transactions can be a challenge for practitioners. The Partnership Taxation package provides tax professionals and financial advisors with the essential knowledge needed to manage high-stakes partnership scenarios, ensure compliance, and avoid costly traps.
The first part of this package explores the challenging Schedule K-2 and K-3 reporting requirements for partnerships and S corporations. Confusing guidance on who needs to file makes compliance difficult, but this overview demystifies international tax reporting. It covers how these forms affect foreign tax credit calculations on Form 1116 and Form 1118, and whether Form 8865 filers are impacted. Additionally, the content reviews vital safe harbors, the nuances of the domestic filing exception, and common compliance pitfalls to help practitioners minimize unnecessary reporting burdens and mitigate the risk of severe IRS penalties.
Further unpacking complex partnership transactions, the coursework delves into the tax impacts of pass-through entity elections and the intricacies of Section 754 elections. It details the precise rules for adjusting the inside basis of partnership property under Sections 734 and 743 to protect clients from double taxation and asymmetrical tax consequences. Finally, practitioners will navigate the tricky look-through provisions regarding the sale or exchange of a partnership interest, including the allocation of capital gains versus ordinary income, the critical role of hot assets under Section 751, and managing the resulting reporting requirements.
Major topics covered in this package include:
If it's not the right fit, you have 10 days to request a refund. Any certificates you earn remain valid for the duration of your active package.
7 CPD hours, one certificate, 10-day money-back.
