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.

SPONSORED REPORT

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.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.