Partnerships & LLC’s

Friday & Saturday, September 21-22, 2018

The Grand - Catalina Room
4101 E. Willow Street
Long Beach, CA 90815

The Fall Tax & Accounting Forum will present a thorough look at partnerships and LLCs from both the accounting side and the tax side. The Forum will cover the formation of a partnership, the capital accounts and liabilities, and how to record them on the books. You will learn how partners are added or removed, and how distributions are recorded, then many of the same issues will be addressed from a tax perspective. Topics of special allocations & elections, and at-risk & passive limitations will also be covered.
The session will be in a workshop format with many examples and a comprehensive case study from accounting entries to financial statements to the tax return.



Friday, September 21

Registration & Breakfast


Taxes for Partnerships and LLCs
Part 1: The Nuts and Bolts
, Claudia Stanley, CPA, EA
4 hours Federal Tax Law
IRS: 18QC1-T-01033-18-I
CTEC: 1000-CE-4404
This course provides an overview of Partnership tax issues from the impact of formation and selection of partnership year to allocation of partnership income, expenses, and liabilities including partnership compensation, distributions and special allocations, as well as deducting partnership losses.  We will also cover adding partners, leaving partnerships, and the sale of a partnership vs redemption of an interest.  


LLCs in California, Lila Fedler, FTB
2 Hours California Tax
CTEC: 1000-CE-4403
Join our representative from the Franchise Tax Board for a look at California LLCs and common tax issues associated with them.  Get updates on tax law changes, filing information, and how to use your MyFTB account to serve your client needs.  This and more, all straight from the source.

To Be Announced

Saturday, September 22

Registration & Breakfast


Taxes for Partnerships and LLCs
Part 2: A Practical Approach
, Claudia Stanley, CPA, EA
4 Hours Federal Tax Law
IRS: 18QC1-T-01032-18-I
CTEC: 1000-CE-4405
This workshop style course covers the preparation of Form 1065.  We will demystify the partnership return using a case study to complete Schedules L, M-1, M-2, and K-1s.  Gain hands-on experience in converting the numbers in the balance sheet and profit and loss to accurate tax return information.  This is a unique opportunity to put the theory into practice.


Accounting for Partnerships and LLCs
Books and Beyond
, Linda Dong, EA, ABA
4 Hours Accounting
This class will cover the accounting side of partnerships. How do you set up the books? What about the partners’ capital accounts? How do you add a partner, or transfer a partnership interest to another partner? How do you record special allocations on the books? Can it be done in QuickBooks? We’ll use case studies to illustrate how to handle these situations and more. Plus, we’ll include a reference of journal entries for recording these transactions.


Lila Fedler, EA

Lila Fedler is a Franchise Tax Board spokesperson and serves as a Technical Assistant to the Advocate. Lila is an Enrolled Agent with the Internal Revenue Service, and began her career with the Franchise Tax Board in 1980. Lila currently works directly with the Taxpayer Rights' Advocate to assure that the taxpayers have been afforded the protections of the Taxpayers’ Bill of Rights. With her more than 37 years, Lila has acquired a broad range of experience covering both personal income and corporation tax laws. In addition to her experience as a Franchise Tax Board Auditor, Protest Hearing Officer, and Audit Technical Specialist and Reviewer, she worked in the private sector as a Senior Manager in the state and local tax practice at a top public accounting firm, headquartered in the West, providing consulting services to public and private middle-market enterprises in many different industries.

Linda Dong, EA, ABA

Linda Dong graduated with honors from the University of Illinois in Chicago with a degree in Accounting. She went to work for the IRS, where she received a very thorough training in taxes and began auditing corporations. Not liking the adversarial relationship inherent in tax audits, Linda left the IRS and started a tax and accounting practice from her home. She grew her practice to include four employees, but eventually downsized and is now once again a sole practitioner working out of her home office. She provides tax and accounting services to individuals, small businesses, and nonprofit organizations. 

Linda has been an Enrolled Agent (EA) licensed by the Department of the Treasury since 1982. Her credentials from the Accreditation Council of Accountancy and Taxation include Accredited Business Accountant (ABA) and Accredited Tax Advisor (ATA). She is a QuickBooks ProAdvisor and frequently teaches classes in accounting and tax to other professionals. A member of several tax and accounting professional groups, she is currently serving as President of the Wine Country Chapter of the California Society of Tax Consultants.

Claudia Stanley, CPA, EA

Practicing CPA & EA in the Fresno area, owner of C. Stanley, CPA & Associates since 1991.  Graduate of California State University, Fresno. Serves on the boards of the Fresno Chapter of Society of California Accountants and American Business Women’s Association and is currently the president of the state Society of California Accountants. Long time member of the Central California Chapter of Enrolled Agents and California Society of Tax Consultants.  Named one of 2001 Top Ten Women of the Year by American Business Women’s Association.  From time to time speaks on various tax topics.

Early Bird Has Been Extended!



Early Bird

(until August 17)


(after August 17)

Members $199 $225
Staff of CSTC Members $219 $250
Non-members $249 $285



Refund Policy

Requests for refund must be made via email to [email protected] $25 will be retained for administrative costs if the request is received prior to August 31, 2018. No refunds on requests received after August 31, 2018. Registration fees for no-show registrants are non-refundable. There is a $25 fee for returned checks.


This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6(g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812-2890, or phone CTEC at 877-850-2832, or on the Internet at