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Surgent's LLCs & Partnerships - Distributions Under IRC Section 731 (DVDS)
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This program covers the general partnership distribution rules for both current and liquidating distributions, and then explores the circumstances where the so called "disguised sale" rules apply to make an otherwise nontaxable partnership distribution taxable.

6/10/2016
When: Friday, June 10, 2016
8:00 AM - 10:00 AM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym DVDS
CPE 2 hours
Category
Taxes
Level Advanced
Vendor Surgent
Who should attend

Any tax practitioner who wishes to understand the tax rules relating to partnership distributions; any tax practitioner wishing to be updated with how to differentiate between a partnership distribution and a disguised sale

Prerequisite
General background in the taxation of partnership income taxation
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$109

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
Tax practitioners should know and be able to apply the rules that govern partnership distributions and disguised sales conducted through a partnership. Unless the tax professional is able to tell when the disguised-sale rules trump the general partnership distribution rules, the tax practitioner might be led to give wrong advice regarding the taxability or nontaxability of a particular distribution. This program covers the general partnership distribution rules for both current and liquidating distributions, and then explores the circumstances where the so called "disguised sale" rules apply to make an otherwise nontaxable partnership distribution taxable.

Major Topics

  • Taxation of current and liquidating partnership distributions
  • Tax treatment of cash distributions from a partnership to a partner
  • Tax treatment of non-cash property distributions by a partnership
  • When a partner recognizes gain or loss resulting from a partnership distribution
  • Disguised sale rules as they apply to partnership distributions

Objectives

  • Recognize when a partnership distribution is subject to the disguised sale rules
  • Understand the tax treatment of cash and non-cash distributions by a partnership to a partner

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