Webinar

Tax Fundamentals of LLCs and Partnerships: Tax Staff Essentials

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A beginner's guide or a refresher on the essential elements of partnership and LLC taxation.

Major subjects

• Basic tax Structure of partnerships and LLCs
• Check-the-box elections to be taxed as a partnership
• Partnership distributions
• Compensatory payments to partners
• At-risk and passive activity limits
• Profit and loss allocations: General rules and restrictions

Learning objectives

• Identify the effects of investor contributions and distributions on their basis in a partnership or LLC interest
• Identify the tax basis of assets transferred to a partnership or limited liability company (LLC) at formation
• Recognize the tax consequences of a transfer of liabilities to a partnership or LLC in connection with property transfers at formation
• Indicate the correct treatment of partnership income by a partner for self-employment tax purposes
• Distinguish between current and liquidating distributions
• Recall whether special allocations called for in a partnership agreement will be allowable under the Section 704(b) regulations and when they will not be recognized by the IRS

Who should take this program?

• Public accounting staff and seniors, tax professionals in company finance or tax departments

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $419.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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