1065 Schedule K-1

Question - does any of this actually affect what we do as TPA's? Will CPA's need anything new from us due to the following? (I'm thinking the answer is no)

I just received invitation to a Webinar that said the following.

On recent IRS Forms 1065, Schedules K-1 and in related instructions, IRS launches massive reporting requirements re: negative tax basis capital accounts, at-risk activities, passive activities, partner level built-in gains, disregarded entities and many more.  

We can’t wait to be a deer in the headlights preparing Form 1065 and Schedules K-1. In this action packed program, you’ll learn:  

Course Outline

• Negative tax basis capital account reporting – What must be computed and disclosed (and by when) – How IRS keeps moving the target
• How partnerships (and S Corps) face the at-risk (and passive) activity reporting blues (and what to do about them)
• Plethora of other new info required re: built-in gains lying in wait
• Consequence laden all new reporting re: disregarded entity partners
• New disguised sale reporting
• New disclosures re: liabilities of partner
• Stunning penalties for failure to wholly and accurately complete K-1

Belgarath, the invitation was not targeted at TPA's, right? This all goes to the preparation of the K-1, which is not the plan's problem.

Correct, it was not targeted at TPA's. But, since what happens in the CPA world sometimes has an effect on us, whether directly or indirectly, I thought I'd ask - just for example, if all this stuff is new, and if it causes CPA's to somehow need information from us sooner. Or, if it makes the CPA's work more difficult, will it mean we get data LATER than usual so that we may need to plan for larger last-minute rush, etc., etc.