Join Allison McLeod where we will explore critical changes and implications stemming from recent tax legislation, including the 2017 Tax Act provisions and the impact of the Bipartisan Budget Act of 2015 on partnership audits. Allison will dissect key rulings such as the American Milling case and discuss the functional analysis test's role in defining partner status for tax purposes.

Participants will also gain insight into the practical applications of like-kind exchange rules and the emerging challenges posed by the Corporate Transparency Act. Equip yourself with the knowledge to effectively manage partnership tax responsibilities and stay compliant with evolving regulations.

Learning Objectives:

• Determine the most effective strategies to navigate the complexities of the 2017 Tax Act provisions and their implications for partnerships as they approach sunset


• Identify key factors and criteria used in the functional analysis test to assess a partner's status for tax liability purposes


• Recognize the requirements and potential privacy challenges introduced by the Corporate Transparency Act and its impact on business operations