Top 10 Tax Issues in Dealing with LLCs and Partnerships

Dec 19
8:00 - 4:00 p.m.

Pennsylvania Institute of CPAs
Philadelphia - Map

8-Tax
CPE Credits

Review critical tax issues for partnerships and limited liability companies, with a focus on planning opportunities and pitfalls. Explore various kinds of partnership liabilities and the tax consequences of each.
Highlights

Guaranteed payments, distributive shares, and draws liquidating distributions of cash or property
Capital account maintenance and outside basis adjustment
Self-employment tax issues
Capital accounts: Book versus tax issues
Determining basis
Dealing with debt
Special allocations: Flexibility and complexity
Distributions: Cash and property, built-in gain or loss
Retirement plan issues
Basis step-ups
Hot assets