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Partnership Essentials: Tax Basis Capital Accounts and More

Total Credits: 8 including 8 Taxes - Technical

Average Rating:
IRS Approved |  Tax |  Accounting and Auditing
Doug Van Der Aa, CPA, JD
Course Levels:
8 Hours



The IRS has made some game-changing updates on the reporting of partnership basis. This course examines the critical issues and special opportunities facing partnerships and their partners, as well as the relationship between limited liability companies and partnerships. New tax basis and capital accounting reporting rules will be addressed, as well as the impact of the CARES Act, SECURE Act and other recent legislation on the tax structure of partnerships and LLCs.  Qualifies for 2 hours of A&A


*Please Note:  If you need credit reported to the IRS for this IRS approved program (6 Tax hours only), please download the IRS CE request form on the Course Materials Tab and submit to


Basic Course Information

Learning Objectives

·       Define the tax consequences and various liabilities for both partnerships and LLCs

·       Discuss the impact of the new Section 199A deduction on partnerships

·       Apply planning opportunities and potential pitfalls

Major Subjects

·       Recent tax legislation, rulings and developments affecting Partnerships and LLCs

·       Basis and capital account reporting on Form 1065 Schedule K-1

·       The impact of the Section 199A deduction on partnerships and LLCs

·       New Section 163(j) interest expense deduction

·       New rules on meals and entertainment expense reporting

·       Transportation fringe benefits

·       New partnership audit rules

·       Opportunity zones

·       Section 754 self-employment tax

Course Materials


Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related seminars and products: 7

Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.


Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.


Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Additional Info

Basic Course Information

Advanced Preparation


Course Developer

Doug Van Der Aa, CPA, JD

Designed For Practitioners with partnership clients and those seeking knowledge on thorny partnership issues
Yellow Book


Original Recording Date



Basic working knowledge of partnerships and LLCs

Date Added to Catalog


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199).

Course Registration Requirements

Online Registration

Instructional Delivery Method

Group Internet Based

Official Registry Statement

Business Professionals' Network, Inc. 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:

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.



Overall:      4.1

Total Reviews: 15

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