Print Page   |   Contact Us   |   Sign In   |   Join
Taxation Essentials of LLCs and Partnerships (126-15)
Tell a Friend About This EventTell a Friend
 

Is LLC and partnership taxation something new to you? Perhaps you have worked in this area for years but need a quick review of the fundamental concepts? Build a foundation of knowledge or freshen up your skills. This course addresses the tax consequences of the most common transactions engaged in by LLCs and partnerships – from formation of the entity to the reporting and allocation of partnership/LLC income or loss to distributions and compensatory payments to partners or LLC members. Develop

10/30/2015
When: 10/30/2015
7:30 AM - 3:45 PM
Where: UACPA Training Facility
136 S Main Street, Suite 510
Salt Lake City, Utah  84101
United States
Presenter: Peter Towle
Contact: April Deneault
801-834-6634


Online registration is closed.
« Go to Upcoming Event List  

Is LLC and partnership taxation something new to you? Perhaps you have worked in this area for years but need a quick review of the fundamental concepts? Build a foundation of knowledge or freshen up your skills. This course addresses the tax consequences of the most common transactions engaged in by LLCs and partnerships – from
formation of the entity to the reporting and allocation of partnership/LLC income or loss to distributions and compensatory payments to partners or LLC members. Develop a level of comfort with the basic conceptual framework underlying partnership and LLC taxation, with an emphasis on explaining the tax consequences associated with issues that are most frequently confronted by tax practitioners.

 


Objectives:

• Recognize differences among the various types of partnerships and an LLC.
• Describe how partnerships and LLCs opting to be treated as partnerships will report their federal taxable income to the IRS.
• Determine the tax basis of assets transferred to a partnership or LLC at formation.
• Explain the tax consequences and liabilities to a partnership/LLC of property transfers.
• Distinguish between distributions and compensatory payments to partners and recognize tax consequences of each type of payment.
• Apply the at-risk and passive activity loss limitations to pass-through losses from partnerships and LLCs.

 

Major Subjects:

• Tax structure of partnerships and LLCs
• Tax consequences of Partnership or LLC formation
• Partnership distributions
• Compensatory payments to partners
• At-risk and passive activity limits
• Overview of profit and loss allocations
• Reporting taxable income for partnerships and LLCs

 

Designed for: None

 

Prerequisite: 

Basic understanding of individual and business taxation.

 

Advanced Prep: None

 

Speaker: Peter Towle

Vendor: AICPA

Field of Study: Tax

Level: Basic

CPE Credit: 8 Hours

Acronym: TLLLO

 

 
Registration Fees:                           
Members                
Nonmembers     
Earlybird (through 10/15) 
$257 $340
Standard (after 10/15)
$285 $340


 

Meet the Speaker:

Peter J. Towle, CPA, J.D., LL.M.    
Individual Practitioner/Friendsville, TN
Peter Towle is a sole practitioner with a general civil practice that includes business and commercial litigation, taxation, family/domestic relations, probate and estate planning, personal injury, accountant's malpractice, and sports & entertainment representation.  Prior to his successful law practice, Mr. Towle worked with a national accounting firm where he had substantial involvement in the development and teaching of various tax courses.
He is a member of the bar association in both Tennessee and Florida.  A certified public accountant, Mr. Towle is an active member of the American Institute of Certified Public Accountants, the Tax Sections of the Tennessee and American Bar Associations, and the Tennessee Society of CPA's.  He is a registered investment advisor in the state of Tennessee.

Membership Management Software Powered by YourMembership.com®  ::  Legal