Partnership compliance: Getting ready for tax year 2024

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LIVE WEBCAST | January 28, 2025

Event overview

Prior to beginning preparations for tax year 2024, what important factors should you keep in mind to best prepare for a successful filing season? Amid regulatory changes, intricate reporting requirements for foreign investors and heightened documentation demands, the preparation checklist seems longer and less manageable than ever. Leveraging partnership tax compliance technology to address these key considerations and requirements can help mitigate risk and provide you with the automation necessary to meet stringent deadlines.

The repercussions for incorrectly planning for tax year 2024 could be significant. The IRS has indicated that the agency will target partnerships using artificial intelligence, with plans to increase audit rates by nearly tenfold on large, complex partnerships with assets over $10 million. Join our panel of partnership tax advisors for guidance on key considerations to best prepare for a smooth 2024 tax filing season.

Partnerships are facing a multitude of challenges this tax season, including new reporting requirements, increased information demands and heightened IRS enforcement. Key considerations for the tax year 2024 encompass utilizing estimates, documenting allocations, special considerations for lower-tier partnerships, and the impact of recent developments and updated forms. To prepare adequately, join our webcast on Jan. 28 and review the accompanying checklist and relevant insights.

Presenters

  • Dave Schwartz | Senior Director | RSM US
  • Jason Lunte | Partner
  • John M. Ihne Jr. | Senior Manager | RSM US
  • Nick Passini | Partner | RSM US
  • Nick Passini is a partner and tax advisor in the Washington National Tax practice of RSM US LLP, specializing in pass-through tax consulting with a focus on partnerships.
  • View full bio >

Learning objectives

By the end of this session participants will be able to:

  • Understand the new IRS requirements and their impact on partnerships for the 2024 tax year
  • Learn strategies to mitigate risks and ensure compliance with the latest regulatory changes
  • Explore the use of technology for efficient tax preparation and documentation to meet stringent deadlines

CPE credits

CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending this webcast. To qualify, you must log in to the live webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

  • Advance preparation: None
  • Program level: Basic
  • Prerequisites: None
  • Delivery method: Group internet-based
  • Field of study: Accounting
  • CPE: 1.0 credits

Event details

  • Date and time
  • Tuesday, January 28, 2025
  • 1 p.m. ET | Noon CT
  • Intended audience
  • Partnerships, private equity professionals, high net worth individuals
  • Duration
  • 60 minutes
  • CPE credits
  • One CPE credit will be issued to eligible participants
  • Fee
  • Complimentary

Let’s Talk!

Call us at (541) 342-5161 or fill out the form below and we’ll contact you to discuss your specific situation.

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Source: RSM US LLP.
Reprinted with permission from RSM US LLP.
© 2024 RSM US LLP. All rights reserved. https://rsmus.com/events/2025-events/partnership-compliance-getting-ready-for-tax-year-2024.html

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The information contained herein is general in nature and based on authorities that are subject to change. RSM US LLP guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM US LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.

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