Reviewing Partnership Tax Returns: What Are You Missing?
4.00 Credits
Member Price $225
Non-Member Price $269
Overview
Strategies to help reviewers catch errors in partnership and LLC tax returns before they are submitted.
Highlights
Common errors made involving the following:
Prerequisites
Experience with partnership tax return preparation
Designed For
Objectives
- Identify the mechanics of a partnership's tax return, including partner capital account calculations and permissible tax years.
- Determine the proper allocation of recourse liabilities among partners.
- Analyze the consequences of a new partner joining a partnership.
- Determine depreciation expense among the contributing and noncontributing partners under Section 704(c).
- Determine the value of assets with nonrecourse liabilities.
Leader(s):
Leader Bios
Robert Ricketts, Director, School of Accounting, Texas Tech University
Robert Ricketts, CPA, PhD, is the director of the School of Accounting and the Frank M. Burke Chair in Taxation at Texas Tech, where he has taught in the graduate tax program for the last 25 years. He is the co-author, with Larry Tunnell, of CCH’s Practical Guide to Partnerships and LLCs, now in its sixth edition, as well as a series of courses on the taxation of partnerships and LLCs for the AICPA.
Non-Member Price $269
Member Price $225