2019 Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships (Updated for TCJA!) – NEW!

Previous Add to Calendar Next

May 9, 2019

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

We'll cover important planning strategies and have some fun along the way. In this course, we'll cover real-world strategies that will help reduce your clients' tax liabilities.

Designed For

CPAs and CPA aspirants in public practice, and tax staff in private practice who have a minimum of two years of partnership taxation experience.

Objectives

  • How the TCJA changes to technical partnership terminations work
  • Determine how to allocate items of income, gain, loss, deduction and liabilities among partners/members to reflect the economic arrangements
  • Determine the consequences of “selling” a partnership or LLC interest
  • Determine the basis of property following distributions and various planning opportunities
  • Determine when and which elections should be made as it relates to distributions or transfers of interests in partnerships

Major Subjects

  • Allocations of income under Sec. 704(b)
  • Self-employment taxes for LLC members. 
  • Allocations with respect to contributed property
  • Allocations of liabilities and related deductions under Secs. 752 and 704(b)
  • Distribution rules
  • Adjustments to the basis of property
  • Sale or exchange of an interest in an entity taxed as a partnership

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.