Partnership Tax Course
Friday, October 21, 2022
Online Delivery Through Zoom
8:15 AM - 4:20 PM
IRS Program Code: 3XKET-T-00031-22-O (Online)
8 Credit Hours
Click Here to Register >>
- Course Topics
- Glossary of Partnership Tax Terms
- Guide to Internal Revenue Code Sections
- An Overview of Partnership TaxationCase Study (including completed tax return)
- Tax Basis In Partnership
- Allocations of Liabilities
- Capital Accounts
- Guaranteed Payments
- Partnership Distributions/Draws
- Sales and Exchanges of Partnership Interests
- Hot Assets (§751)
- Optional Basis Adjustment
- Gift of Partnership Interest
- Partnership or LLC Profits Interest Model
- Redemptions under IRC §736
- Death of a Partner
- Allocation of Income and Loss
- Partnership Audit Rules
- Limited Liability and Self-employment tax
- Limit on Business Interest Expense
- Qualified Business Income Deduction
- Course Faculty
Gregory J. Bouchard, Tax School Director, Cornell University
Since 2012, Gregory J. Bouchard has been the Tax School Director at Cornell University, in Ithaca, New York. In addition to teaching at the Cornell Tax Schools, Greg has been a seminar speaker across the country on Ag Tax Issues and Partnership Taxation. Greg has both a BS and MS from Cornell University. Greg had been employed by Farm Credit since leaving Cornell University in the fall of 1975 until February 2017. While at what was then the Farm Credit Banks of Springfield, and under the guidance of Cornell’s Professor Robert Smith, Greg took on responsibility for developing Farm Credit’s Agrifax Tax Service and contributed to the development of its farm business consulting program. This included developing training materials, certification exams, and program operating procedures. Greg then left the Banks to manage an Association Agrifax Program (records, taxes, payroll, and consulting). Through 2016 Greg had been the lead instructor for internal tax training programs. Greg also authors and reviews chapters for the Tax Workbook prepared annually by the Land Grant University Tax Education Foundation (LGUTEF). Finally, Greg is a member of RuralTax.Org, an organization that not only works with the national IRS office to update the Publication 225 and refine its farm tax publications but also holds an annual meeting with staff of the United States Congress Joint Committee on Taxation (JCT) to address tax law as it affects the agricultural industry.
Time Agenda Item
8:15-8:30 Registration opens - Accessing Zoom Webinar
8:30-10:10 First Section
10:10-10:20 Morning Break
10:20-12:00 Second Section
12:50-2:30 Third Section
2:30-2:40 Afternoon Break
2:40-4:20 Fourth Section
- Continuing Education Credits
For CPA, Enrolled Agents and Other Tax Professionals: 8 hours of CPE
For Attorneys: 6.60 hours of CLE
*CPA, EA and other Tax Professionals are based on a 50-minute credit hour while attorneys are based on a 60-minute credit hour. The total time of instruction is 400 minutes. Extra time is allotted for online sign-in, 20 minutes of breaks and a 50 minute lunch break at noon. Online sign-in begins at 8:15 am.
- Course Materials
Participants will receive via e-mail a book with all the topics covered during the course before the event starts.
- Reporting to the IRS
Completed credit hours will be reported to the IRS within two weeks of the course completion for all participants providing their PTIN number during registration. Please be sure to include your name as it is listed with the IRS and that your PTIN number is valid for the current year. The IRS Program ID for this course is: 3XKET-T-00031-22-O. The title of the program is Comprehensive Partnership Income Taxation Course (8 credit hours).
- Reporting to the CLE
Completed credit hours will be reported to the Commission on CLE and Specialization of The Supreme Court of South Carolina within one week of the course completion for all participants providing their bar number during registration.
- Online Access to Zoom Webinar
The Zoom link and instructions to access the webinar will be provided with the confirmation email after completing registration and providing payment through the Eventbrite registration process. Please make sure to check your Inbox folder. If you do not receive this email within 24 hours after your purchase, please check your Spam folder and/or email us at email@example.com.
A reminder email with Zoom link and instructions are sent again 48 hours before the course begins. Finally, if you are not familiar with Zoom, please be sure to test your system before the event as in very rare cases the firewall settings in your computer may prevent you from logging into the platform. You can go to: https://zoom.us/test and test your internet connection by joining a test meeting. Once you access the Test meeting, you will be able to check your speakers and microphone functionality.
- Moderator/Group Sign in and out form for participants attending as a group.
- Zoom Webinar Set Up Guide and Protocols that will help you to get the most out of your Zoom experience as well as solve any connection issues you may have.