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The Complex Area of Partnership Allocations - Properly Dividing Up the Items on the Form 1065 (3719)
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Properly calculating each partner’s share of the partnership’s income, as well as any adjustments needed due to the existence of an election under §754, poses a number of challenges the CPA must deal with. This two hour session will look at some of the key issues in this area to enable the CPA to understand this complex area of the law.

8/6/2015
When: 08/06/2015
9:00 AM - 11:00 AM
Where: Webcast/Webinar
Presenter: Edward K. Zollars, CPA
Contact: April Deneault
801-834-6634

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Properly calculating each partner’s share of the partnership’s income, as well as any adjustments needed due to the existence of an election under §754, poses a number of challenges the CPA must deal with. This two hour session will look at some of the key issues in this area to enable the CPA to understand this complex area of the law.

Objectives:

Learn the pre-contribution basis differences and the options under §704(c) The proper division of the partners’  allocable shares of partnership debt The importance (and potential liability to the CPA) of partnership book capital accounts under §704(b)

 

Major Subjects:

Dealing with pre-contribution basis differences and the options under §704(c) to deal with these items Understanding what a CPA should look for in a partnership agreement to insure allocations in the agreement will be respected for tax purposes The importance (and potential liability to the CPA) of partnership book capital accounts under §704(b) Proper division of the partners’ allocable shares of partnership debt—and why it really does matter

 

Designed For:

All CPAs

Prerequisite: 

None

Advanced Prep:

None

  

Speaker: Edward K. Zollars, CPA

Vendor: Nichols Patrick CPE

Field of Study:  Taxation

Level: Intermediate

CPE Credit:      2 Hours

Acronym:  ED081W

 

Registration Fees:

$ 79

  

Register here


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