Webcast overview
Just prior to the change of administration, Treasury published final regulations that require reporting by taxpayers and material advisors of certain related party basis adjustment as transactions of interest (or TOIs). The reporting requirements apply to many routine business transactions, include a 6-year look-back, and are approaching quickly. Failure to properly identify and report these transactions can result in significant penalties.
KPMG LLP invites you to attend a 60-minute webcast that will explore the new reporting requirements for these TOIs. The focus will be on the tax compliance and reporting obligations that will affect partnerships and partners for tax year 2019 until present.
Presenters from the KPMG Washington National Tax office will cover top-of-mind topics, including:
- An overview of the final regulations, including effective date considerations,
- Illustrations as to some of the common transactions that may or may not be considered TOIs, and
- A discussion of how taxpayers and material advisors are approaching compliance
