Teleconference: Disregarded Entities and Partnerships Update (CPN05S16)
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When: 5/18/2016
9:00 AM until 5:00 PM
Where: LSU Shreveport
One University Place
Technology Center Room 103
Shreveport, Louisiana 
United States
Presenter: Panel

Online registration is closed.
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Acronym CPN05M16
Level Update
Prerequisite: None
Advanced Prep: None
Yellow Book: None
Vendor ACPEN
Who should attend

Public practitioners

Registration Early Bird
(through 5/3)
(after 5/3)
Member $215 $265
CPA Non-Member $315 $365

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Also available as a webcast.

The Bipartisan Budget Act of 2016 changed partnership audits forever. TEFRA audit rules are being replaced that impose tax liability at audit at the partnership level even though the partners may have changed, and there is an election to do that for 2016 returns if the partnership elects. The Tax Matters Partner/Member is being replaced by a Partnership Representative who need not be a partner but who can bind the partnership at audit. Even the statute of limitations can go beyond three years. Additionally, there are new proposed and final regulations under Section 706 for changes in a partner's interest, complex new proposed regulations under 734(b), proposed changes to the partnership recourse and nonrecourse basis rules, and proposed regulations on contributions of built-in loss property. And that is only what's new as of year-end 2016. The IRS apparently plans on more regulations on the Bipartisan Budget Act in 2016. Additional topics needing your attention are unwinding family partnerships to prevent loss of income tax basis without corresponding estate tax savings for many families, structuring around the net investment income tax and effectively using disregarded entities in your tax planning.

Join our panel of experts to review both the current state of key areas and proposed changes that may dramatically change partnership taxation.


  • Understand the new changes in partnership tax planning
  • Find out what is new in partnership taxation as of year-end
  • Discuss key components and proposed changes in the area of partnership taxation


  • Partnership Taxation
  • Regulations on the Bipartisan Budget Ac
  • Unwinding Family Partnerships
  • Effectively Using Disregarded Entities in Tax Planning

Course Delivery
Group teleconferences are live broadcasts of a panel discussion held at various locations around the state (Kenner, Monroe, and Shreveport). You may also participate via webcast from the internet-connected location of your choice.