Special Topics In Partnership And LLC Taxation Webinar

• Identify fundamental tax planning opportunities and risks related to partnership contributions and distributions.
• Recall the rules for testing partnership allocations under the partner's interest in the partnership test versus the substantial economic effect regulations.
• Determine differences between partnership recourse and nonrecourse debt and the consequences of each.
• Select the best method for making mandatory allocations relating to Section 704(c) property.
• Determine how to apply the inside basis adjustment rules rules.

Tax practitioners struggle to understand the rules of Subchapter K of the Internal Revenue Code and related Treasury Regulations. Complex rules offer both tax planning opportunities as well as traps. Join an in-depth analysis of key partnership tax issues with an emplasis on how they affect partnership structuring and the reporting of partnership results.