Live 2-Hour Webinar:
Don't Get Crushed by IRS Collection of Income Tax from a Partnership: Centralized Partnership IRS Audit Rules 

June

20

Wednesday, June 20, 2018

Noon-2PM PT, 1-3PM MT,
2-4PM CT, 3-5PM ET

2 hours, 2 CPE

Register Now for $129

Program Description:

Effective in 2018 (coming like a freight train), a whole new IRS partnership audit regime (Centralized Partnership Audit Rules (CPAR)) kicks in. Partnerships (and LLCs) will become strange new beasts taxed like C Corps. Is this the beginning of the end for partnerships as we know them? Escape routes are available, but not for all. Advance planning is a must to avoid a massive train wreck. All partnership and LLC operating agreements must be amended NOW

In this 2-hour webinar,  you will learn:  

  •  How to avoid getting crushed by IRS collection of income tax from a partnership
  •   How the tax preparer can decimate a partnership’s future (or not)
  •   How to avoid ugly partnership level income tax at highest rate (and no basis step up for partners)
  •   How to safely extricate a client from CPAR devastation
  •   How to protect clients by electing out of new regime - who, how, when and why
  •  How Congress’s Technical Corrections one month ago greatly expanded CPAR
  •  How to identify whether S corporations may look better than partnerships now
  •  How to lead your client to prepare in earnest today

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

How many questions can you confidently answer?

 

  • How did Appropriations Act (of 2018) Technical Corrections retroactively change CPAR?
  • Who can elect out of the new regime?
  • But wait, if you can’t elect out, can you switch things up so you can?
  • What is an “imputed underpayment” collectible against the partnership anyway?
  • What is a “push up” election and how does a partnership get decimated without it?
  • Is it true Congress has eliminated basis step-up in a partner’s interest for income fleshed out in an IRS exam?
  • How must partnership/LLC operating, buy-sell, loan, contribution, and dissolution agreements be revised to avoid severe problems?
  • What affirmative actions must the tax preparer take to avoid a parade of horribles?
  • How do we prepare our clients and their attorneys to avoid disaster?

 

 

Host: Rick Telberg

  • Founder and CEO CPA Trendlines, Bay Street Group
  • Accounting Today Top 100
  • CPA Practice Advisor Top 25

Host: Sandi Leyva

  • Founder and President Accountant's Accelerator, Sandra L Leyva, Inc.
  • CPA Practice Advisor Top 25
  • Most Powerful Women in Accounting

Past Webinar Participants Feedback

“Wow!  This is incredibly thorough.  I’m impressed.  You’ve sorted out and explained this complex area beautifully.” - Randall RothProfessor of Law, University of Hawaii, Of Counsel to Hawaii Trust Law

"Mr. Burnett is refreshing and incredibly smart about content." -L.H., Cook, MN

"I loved the speaker's style! Learning the information was fun and not boring." -A.R., Foothill Ranch, CA

"Bradley is an awesome instructor! I understood him, he injected humor to keep it interesting and didn't talk over your head. As a newer tax preparer, I am so glad I was able to understand what he was talking about, even if some of the topics have not yet been encountered by me, as yet." -C.H., Cottonwood, AZ

"Bradley was a great instructor, and there was a ton of great information. Every slide was informative! I highly recommend this instructor and I'll keep an eye out for his courses in the future." -L.A., Sioux Falls, SD

"Great presentation. Good pace - and he provided helpful bullet point observations on real life cases" - B.C.W., Los Angeles, CA

"Bradley Burnett is a great instructor! I really enjoyed all of the court cases, examples and new law he discussed! He did an excellent job and I look forward to attending other courses he teaches. He always does a great job!" -A.R., Granger, IN

"Absolutely LOVED this presenter! Down-to-earth and FULL of great information. Thank you!" -C.G., Park City, UT

"This is my first experience with Bradley Burnett as a presenter. I've been attending CPE events for many years. His presentation was one of the best I've attended, making information easy to retain and doing much with only one hour. Kudos!" -C.F., Holden, MO

"Extremely knowledgeable presenter. I want Brad in my corner if I ever have IRS issues." -D.T., Oklahoma City, OK

"Fantastic seminar. Great job of covering a lot of material in the time provided. I always enjoy listening to a well-versed lawyer in the areas of tax law. It shows how important it is legally to follow and be aware of all the new changes and how it affects the taxpayer and the tax return preparer." - D.G., Green Bay, WI

"Bradley Burnett was amazing in both his knowledge and his presentation method, keeping my interest the entire time!" -D.K., Southport, NC

CPE Details

Prerequisites: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

Field of Study: Taxes

CPE Hours: 2

NASBA

Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org. Our NASBA sponsor number is 112525.

Seating is limited, so register now.  This webinar is packed with high quality content and will fill up fast!

Register Now for $129

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