Centralized Partnership Audit Rules
Total Credits: 2 including 2 Auditing- Technical
- Average Rating:
- 115
- Categories:
- Accounting and Auditing | On Demand Pass
- Faculty:
- Arthur Werner
- Course Levels:
- Intermediate
- Duration:
- 1 Hour 39 minutes
- License:
- Access for 90 day(s) after purchase.
Tags: On Demand
Description
2018’s filing season brought new questions about how the IRS audits Centralized Partnership returns. This course addresses those questions and provides direct and succinct answers, so the practitioner knows what to expect going forward. Additionally, this course will enable the practitioner to provide expository tax advice, putting the client at ease during tax season.
Learning Objectives:
- List and define the new Centralized Partnership Audit Rules
- Record new rules and regulations when filing Partnership returns
- Interpret effective planning strategies
- Demonstrate that clients are meeting compliance regulations
Major Subjects:
- Changes to IRS auditing of Form 1065, including LLCs taxed as partnerships
- Understanding new CPA rules such as the Imputed Underpayment rule and how that affects partners’ basis
- Understanding the 199A Pass-Through Deductions and what level these deductions take place
- Review of prior years’ Partnership Audit Regimes and learning how and why CPAR replaces those regimes and criterion for electing out
Course Materials
| Centralized Partnership Audit Rules Handout (1015.7 KB) | Available after Purchase | ||
Faculty
Arthur Werner Related Seminars and Products
Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
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