Effective in 2018 (coming like a freight train), a whole new IRS partnership audit regime (New Centralized Partnership IRS 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 3-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 the 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.