Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Join
Special Topics in Partnership and LLC Taxation 4173127E
Register View Registrations Tell a Friend About This EventTell a Friend
 

Tax practitioners have long grappled with understanding the rules contained in Subchapter K of the Internal Revenue Code and the related Treasury Regulations. The rules are complex and offer many tax planning opportunities as well as traps for the unwary. This course provides an in-depth analysis of some of the key partnership tax issues and how they affect partnership structuring and the reporting of partnership results.

 Export to Your Calendar 1/30/2018
When: 7:30 AM to 3:00 PM
Where: Webinar/Webcast
United States
Presenter: Michael Vinson, JD, LLM
Contact: April Deneault
801-466-10923


Online registration is available until: 1/30/2018
« Go to Upcoming Event List  

Curriculums:   Partnerships and LLCs,Financial Leadership Forum,Business and Industry

NASBA Credit Category:  Taxes

CPE Hours:  8

Description

Tax practitioners have long grappled with understanding the rules contained in Subchapter K of the Internal Revenue Code and the related Treasury Regulations. The rules are complex and offer many tax planning opportunities as well as traps for the unwary. This course provides an in-depth analysis of some of the key partnership tax issues and how they affect partnership structuring and the reporting of partnership results.

Materials are provided as an ebook.



Major Subjects

  • Partnership/LLC formations (IRC Sec. 721)
  • Income/loss allocations (IRC Sec. 704(b))
  • Allocations related to property with a tax-book difference (IRC Sec. 704(c))
  • Partnership/LLC distributions (IRC Secs. 731-732)
  • Partner's tax basis and the impact of debt (IRC Sec. 752)
  • Inside basis adjustments (IRC Sec. 754)

Objectives

  • Identify fundamental tax planning opportunities and risks related to partnership contributions and distributions.
  • Recall the rules for testing partnership allocations under the partner's interest in the partnership test versus the substantial economic effect regulations.
  • Determine differences between partnership recourse and nonrecourse debt and the consequences of each.
  • Select the best method for making mandatory allocations relating to Section 704(c) property.
  • Determine how to apply the optional and mandatory inside basis adjustment rules.

Level:  Intermediate

Designed For

CPAs and attorneys who desire an in-depth analysis of the key issues in partnership/LLC taxation.

Advanced Prep:

None.

Prerequisite

Three years of relevant experience or an understanding partnership and LLC taxation.

Membership Management Software Powered by YourMembership  ::  Legal