20SS-0113: Surgent's Calculating a Partner's or LLC Member's Basis (Self-Study)
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical) | 2 IRS CE
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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 election and concomitant basis adjustments are not covered in this program. However, those topics are discussed in detail in S754, Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs. For information on this and other webinars, please contact Surgent.
Major subjects
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How to determine partner basis in a partnership or multiple member limited liability company treated as a partnership
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Specific positive and negative partner/member basis adjustments
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The ordering rules for making multiple basis adjustments
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The treatment of recourse and nonrecourse liabilities as components of basis
Learning objective(s)
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Understand how a partner/member determines his or her basis
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Identify and understand the specific negative and positive adjustments to a partner's basis and the ordering rules applicable to such adjustments
Who should take this program?
Any tax practitioner with partnerships, multiple member LLCs or partners/members as clients
Fees
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If you register, you will be charged
$49.00
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Standard Member Fee |
$49.00
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Standard Nonmember Fee |
$49.00
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