Partnership Tax Updates 2026

Author: Allison McLeod

CPE Credit: 2 hours for CPAs

Stay ahead of the curve with this course designed for tax professionals who advise partnerships and businesses with complex tax implications. In just two hours, you’ll gain critical insights into the latest partnership tax developments, including recent court decisions, Sec. 754 elections, economic substance rules, and TEFRA audit changes. This program is packed with practical guidance to help you navigate compliance challenges, avoid costly mistakes, and deliver strategic tax advice.

Publication Date: April 2026

Designed For
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications. All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Topics Covered

• Recent court decisions impacting partnership taxation
• Sec. 754 elections and their practical implications
• Economic substance rules and compliance strategies
• Tax shelters and listed transactions: what you need to know
• TEFRA audit considerations and planning tips

Learning Objectives

• Identify key court cases impacting partnership tax, including Sec. 754 elections and statute-of-limitations issues
• Evaluate recent rulings on economic substance and their implications for partnership transactions
• Recognize transactions classified as tax shelters and determine reporting requirements for listed transactions
• Apply TEFRA audit considerations to partnership compliance and planning strategies

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic Understanding of Partnerships

Advance Preparation
None