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Surgent's Calculating a Partner's or LLC Member's Basis (CPMB)
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You should attend this program because it will discuss in a practical way how a partner or member's basis in a partnership (or LLC treated as a partnership) is calculated. This topic is particularly important for any tax practitioner who deals at even a basic level with partnership distributions of cash and property and/or the sale of a partnership interest. The concept of basis is fundamental to an understanding of almost all aspects of partnership taxation. Note: The Section 754 adjustment is

9/2/2015
When: 9/2/2015
11:00 AM - 1:00 PM
Where: Webcast/Webinar
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA | Lance Weiss, CPA, CVA
Contact: April Deneault
801-834-6634

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You should attend this program because it will discuss in a practical way how a partner or member's basis in a partnership (or LLC treated as a partnership) is calculated. This topic is particularly important for any tax practitioner who deals at even a basic level with partnership distributions of cash and property and/or the sale of a partnership interest. The concept of basis is fundamental to an understanding of almost all aspects of partnership taxation. Note: The Section 754 adjustment is not a topic of this program. However, that topic is discussed in great detail in S754, Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs. For information on this and other webinars covering that topic, please contact Surgent.

Objectives:

* Understand how a partner/member determines his or her basis * Identify and understand the specific negative and positive adjustments to a partner's basis and the ordering rules applicable to such adjustments

 

Major Subjects: 

* How to determine partner basis in a partnership or multiple member limited liability company treated as a partnership * Specific positive and negative partner/member basis adjustments * The ordering rules for making multiple basis adjustments * The treatment of recourse and nonrecourse liabilities as components of basis


Designed For:

Any tax practitioner with partnerships, multiple member LLCs or partners/members as clients

Prerequisite: Basic understanding of tax rules relating to partnerships and partners

Advanced Prep: None

 

Speaker: Mike Tucker, Ph.D., LL.M., J.D., CPA | Lance Weiss, CPA, CVA

Vendor: Surgent McCoy

Field of Study: Taxes (2)

Level: Basic

CPE Credit: 2 Hours

Acronym: CPMB

 

Registration Fees: $89

  

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