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Surgent's Basis Shifting: Final Regulations

 Various
 
4.0
Registration is Open
Member Price
$159.00 Regular Registration
Your Price
$167.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 06/12/2025 from 9:00 am to 12:30 pm
 Wed, 07/09/2025 from 1:00 pm to 4:30 pm
 Mon, 08/11/2025 from 9:00 am to 12:30 pm
 Tue, 09/16/2025 from 9:00 am to 12:30 pm
 Thu, 10/30/2025 from 1:00 pm to 4:30 pm
 Thu, 11/20/2025 from 1:00 pm to 4:30 pm
 Mon, 12/29/2025 from 1:00 pm to 4:30 pm
 Mon, 01/26/2026 from 1:00 pm to 4:30 pm
 Tue, 02/10/2026 from 9:00 am to 12:30 pm
 Mon, 03/09/2026 from 1:00 pm to 4:30 pm
 Tue, 04/21/2026 from 1:00 pm to 4:30 pm
Designed For:

Tax practitioners who will be advising clients who have an interest in a partnership that is impacted by the new final regulations on basis transfers from one related-party partner to another

Prerequisite:

A basic understanding of partnership taxation

The Internal Revenue Service has targeted complex partnerships it believes are not in compliance with the tax law for audit. One of the abuses the IRS has attacked is transfers of interests in partnerships which result in an increase in the basis of a partner who is subject to a high marginal income tax rate. This perceived abuse results in lower income tax and/or a higher basis in partnership property for the higher marginal income tax partner. The final regulations basically characterize certain partnership-related basis adjustments as transactions of interest on the part of the IRS. In a practical sense, this means that property transfers in a partnership with related party partners may run the risk of IRS scrutiny if audited. It is common for certain types of partnerships, such as real estate limited partnerships, to have related-partner partnerships. The IRS may decide to scrutinize partnerships with related party transfers. Since these final regulations presume an understanding of the rules for partnership distributions and Section 754 elections, the program begins with coverage of those two topics, with time devoted to adjustments under both Section 743(b) and Section 734(b). It would be hard to understand the IRS's claim of abuse without a working knowledge of these transactions.

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Understand the final regulations addressing basis shifting from one related party partner in a partnership to another

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.