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Live Webcast Replay

How to Not Get Crushed by Income Tax Collection from a Partnership - Centralized Partnership IRS Audit Rules: Biggest Change in History of Partnership Taxation

Total Credits: 3 including 3 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  Tax |  IRS Approved
Bradley Burnett, J.D., LL.M.
Course Levels:
3 Hours
Product Type:
Live Webcast Replay
Access for 30 day(s) after program date.

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Learn about Centralized Partnership IRS Audit Rules, one of the biggest changes in history of partnership taxation.  Partnerships will be taxed like C Corps if we don’t defend.


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to


Basic Course Information

Learning Objectives
  • What is an “imputed underpayment” liability of a partnership? 
  • What is a “push out” election and how does a partnership get decimated without it?
  • May a partner do the right thing and “amend out” or “pull in”? 
  • How must partnership/LLC operating, buy-sell, contribution, dissolution and loan agreements be revised to avoid problems?
  • Who is a “partnership representative (PR)”? If we don’t choose one, IRS will for us (not even close to good)

Major Subjects
  • Not to get crushed by IRS collection of income tax from a partnership
  • How the tax preparer can decimate a partnership’s future (or save it)
  • To avoid ugly partnership level income tax at highest rate (and perhaps no basis step up for partners)
  • To protect clients by electing out of new regime - who, how, when and why
  • Congress’ Technical Corrections one month ago greatly expanded CPAR
  • To identify whether S corporations may look better than partnerships now
  • To lead your client to prepare in earnest today   

Course Materials


Bradley Burnett, J.D., LL.M. Related seminars and products: 19

Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.


Wed, Aug 28, 2019 - 12:30p to 03:30p CDT
Fri, Sep 20, 2019 - 08:30a to 11:30a CDT
Tue, Oct 08, 2019 - 06:30p to 09:30p CDT
Mon, Nov 04, 2019 - 10:30a to 01:30p CST
Tue, Nov 19, 2019 - 11:30a to 02:30p CST
Wed, Dec 11, 2019 - 10:30a to 01:30p CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All CPAs
Original Recording Date 07/19/2018
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 07/18/2018

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement

Business Professionals' Network, 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:

Instructional Delivery Method Group Internet Based
Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Course Registration Requirements

Online Registration

Promo Video



Overall:      4.5

Total Reviews: 14

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