Final Section 1061 Carried Interest Regulations

This program is eligible for 2.0 CPE credits.

Learning Objectives

After completing this course you will be able to:

• Understand IRC 1061 and the final regulations issued in January 2021.
• Establish whether a taxpayer has an applicable partnership interest (API).
• Identify the rules relating to APIs and applicable trade or businesses (ATBs).
• Recognize the five exceptions to the definition of an API.
• Verify that the reporting rules are fulfilled.
• Discern the impact of related party transfers.

• Field of Study: Taxes.
• Level of Knowledge: Intermediate.
• Advance Preparation: Printing and reviewing Program Outlines and materials.
• Teaching Method: Seminar/Lecture.
• Delivery Method: QAS Self-Study.
• Prerequisite:

  Three years + business or public firm experience at mid-level within the organization, preparing complex
  tax forms and schedules, supervising other preparers/accountants. Specific knowledge and understanding of partnership
  taxation, carried interests, applicable partnership interests (APIs), holding periods, related party transfers, and IRC 1961;
  familiarity with reporting rules governing carried interests and related party transfers.als.

Strafford Publications, 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: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Downloads include the entire presentation including Q&A. Presentation materials can be viewed on your screen. PDFs of the presentations are also available on each program's web page.