CPAR Taxes

CPAR - 2019/June, Seg.03 - On Extension: From Capital Accounts to Opportunity Zones

Course Overview
Preparers are now facing a much greater number of returns than usual that are on extension. In order to complete those returns, they may require additional guidance from the IRS or technical corrections from Congress. Richard Shapiro, tax director at EisnerAmper LLP, explains why the Service is now requiring you to report when a partner’s tax basis capital account is negative, and why so many of your clients are interested in opportunity zones.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify why the IRS required the reporting of negative capital account balances;
  • Define what a "syndicate" means in IRS-speak;
  • Identify the three tax incentives from qualified opportunity zones; and
  • Explain why investors wish to make QOZ investments before 12/31/2019.

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:


Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS


Price (USD)

Standard Rate: $69.90


Course Code : CPAR1397-FM

Release Date : 07/02/2019
Expire Date : 08/12/2020
Credits :
CPE 2.00
QAS 2.00

Course Level : Update
Course Type : Self-Study
Length : 1hr 40min
Passing Grade : 70%
Field Of Study : Taxes

Format Type : eLearning
Mobile Compatible

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