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Understanding Partnership and LLC Taxation Webinar

CPE

When
Dec. 12
9:30 a.m. - 5:00 p.m.

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $245 | Nonmember: $345


 More Information

Course No.
4183126E
Level
Basic
Prerequisites
None.
Note

This webinar is hosted by PICPA's partner, The California Society of CPAs. After registering, you will receive an email from the California Society with the log-in information.

Description

  • Identify which entities will be taxed as partnerships.
  • Determine the tax consequences of partnership contributions and distributions.
  • Choose among the available taxable years and methods of accounting to determine the consequences of partnership operations.
  • Select the proper method for allocating items of partnership income, gain, loss, deduction and credit.
  • Identify the consequences of partnership recourse and nonrecourse debt.
  • Determine how key tax items are reported on Form 1065 and Schedule K-1.

Highlights

  • Classification of entities as partnerships
  • Key differences between general partnerships, LPs, LLPs and LLCs
  • Inside and outside basis, and capital accounts
  • Partnerships: Formation, operations, liabilities and allocation of income and loss
  • Distributions
  • Sale or exchange of partnership interests
  • Guaranteed payments
  • Elective and Mandatory Inside Basis Adjustments


Speaker(s)


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