New
22WX-2514: Partnerships: How to Calculate Partner Basis (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Date
Monday, December 12, 2022
Time
12:00pm
-
2:00pm
Central Time
Location
Online
CPE credits
CPE
2.0
Field(s)
of study
Taxes - Technical (2.0)
Instructor
Steven Dilley, PhD, CPA, JD
Federal Tax Workshops, Inc.
Fees
|
Standard Member Fee |
$79.00
|
|
Standard Nonmember Fee |
$79.00
|
Description
A detailed analysis of the calculations related to determining a partner's tax basis for a partnership interest. How to use the Form 1065 and Schedule K-1 information for basis determination will be reviewed. An illustrated example with filled in forms will demonstrate how the process works, including its many potential pitfalls.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Who should take this program?
CPAs working in public accounting firms and/or working for partnerships.
Major subjects
-
How to calculate the basis when the entity is formed, including the impact of contributed property
-
Explains the use of both "inside" and "outside" basis determination
-
Clarifies the importance of partnership capital accounts and partnerships debt on partner's tax basis
-
Comprehensive example to illustrate the mechanics of the basis determination process
-
Explanation of how basis is impacted by distributions of partnership property and sale and/or liquidation of the partnership interest
Learning objective(s)
-
Apply the latest tax provisions related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
-
Calculate tax basis capital accounts
Course code
Code
22WX-2514
Sponsor
NASBA ID#: 108744
Level
Intermediate
Format
Group Internet Based
Prerequisites
Prereq.
Basic working knowledge of partnership taxation.
Advance
prep
None
If you have questions about this event, please call us at 952-831-2707.
