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14APLLC: Advanced Partnership and LLC Taxation

If you have questions about this event, please call us at 952-831-2707.

Date Thursday, August 14, 2014
Time 8:30am - 4:30pm
Central Time
Location Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
 
CPE credits CPE 8.0
Field(s)
of study
Taxes - Technical (8.0)
Instructor Mark Sellner, CPA, JD, LLM (taxation)
Sellner Tax Consulting, LLC
Fees
Standard Member Fee $299.00
Standard Nonmember Fee $349.00

Description

Partnership tax issues are among the most challenging. The flexibility to draft special allocation provisions in partnership agreements is restricted for S Corporations. Make sure you understand the tax differences between these pass-through entities and learn how to support special allocations in partnership agreements. Examine Sec. 704(b) substantial economic effect provisions, capital account maintenance requirements, the allocation of liability rules in partnership taxation and more.

Who should take this program?

CPAs and tax advisers in public practice and those responsible for corporate joint venture reporting

Major subjects

  • Economic effect of partnership allocations
  • Substantiality required for economic effect
  • Capital account maintenance requirements
  • Book minimum gain calculations
  • IRS partnership audit techniques guide

Learning objective(s)

  • Understand Sec. 704(b) substantial economic effect provisions required to support special allocations in partnership agreements

Notes:

Course code Code 14APLLC
Sponsor MNCPA
NASBA ID#: 139884
Level Advanced
Format Group Live
Prerequisites Prereq. Experience with partnership clients recommended.
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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