Webinar

Partnership compliance: Getting ready for tax year 2024

Factors to consider for the upcoming filing season

January 27, 2025
Event details
Date and time

Recorded, watch on-demand anytime

Intended audience

Partnerships, private equity professionals, high net worth individuals

Duration

60 minutes

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. Our panel of partnership tax advisors provide 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, watch our recorded webinar and review the Partnership tax filing checklist 2024.


Presenters
  • Dave Schwartz
    Senior Director
    RSM US
    Dave Schwartz
    Senior Director
    RSM US
  • Jason Lunte
    Partner
    Jason Lunte
    Partner
  • John M. Ihne Jr.
    Partner
    RSM US LLP

    John brings nearly 15 years of experience to RSM leading the Tax Data and Process consulting team in RSM’s Tax Digital Services capability. He helps clients modernize and de-risk their tax functions.

    John M. Ihne Jr.
    Partner
    RSM US LLP

    John brings nearly 15 years of experience to RSM leading the Tax Data and Process consulting team in RSM’s Tax Digital Services capability. He helps clients modernize and de-risk their tax functions.

  • 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. 

    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. 

Event details
Date and time

Recorded, watch on-demand anytime

Intended audience

Partnerships, private equity professionals, high net worth individuals

Duration

60 minutes

Featured solution

Partnership tax planning

Tax advice and planning for the partnership and its partners. Cover all of your compliance issues and more.

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