Upcoming Infocast to Focus on Partnership Tax Developments


The AICPA will present a live, interactive partnership tax update Friday, Dec. 12, that covers recent changes CPAs will need to be aware of to stay on top of partnership and LLC client needs. The program, scheduled for 1 to 3 p.m. ET, will focus on recent regulatory, judicial and legislative changes including:

 

  • New substantiality regulations relating to section 704(b);
  • New section 704(c) allocation regulations;
  • Guidance on Trader Partnerships;
  • Family Limited Partnership issues;
  • Tax Shelters and Economic Substance issues;
  • Update on the Hubert Case;
  • New Filing issues

 

Hughlene A. Burton, CPA, associate professor at the University of North Carolina—Charlotte’s College of Business and chair of the AICPA’s Partnership Taxation Technical Resource Panel, is the speaker for the infocast. Participation in the session is free. Fees apply only for participants seeking CPE credit. Click here for information.

Where to find January’s flipbook issue

Starting this month, all Association magazines — the Journal of Accountancy, The Tax Adviser, and FM magazine (coming in February) — are completely digital. Read more about the change and get tips on how to access the new flipbook digital issues.

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Get your clients ready for tax season

Upon its enactment in March, the American Rescue Plan Act (ARPA) introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022.