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Webcast Acronym: PTRC (2014)



Webcast Title: LLC-Partnership Taxation – A Comprehensive Review


Recommended

CPE Hours: 7 CPE Credit Hours (No Lunch Break).


Highlights:


Come join Larry Stein as he discusses a comprehensive review of complex partnership issues. Larry will focus on formation issues, basis, Schedule K-1 allocations, liability allocations, partner-partnership transactions, and dispositions of partnership interests. Larry will also discuss IRS’s new Form 1065 audit initiative. This is an excellent offering for the tax pro who needs convenient, affordable training on complex LLC-partnership tax matters.


Learning Objectives:


Upon the successful completion of this webcast, the participants will be able to:


  1. Explain LLC-partnership formation tax issues.


  1. Explain transactions between partners and partnerships including guaranteed payments, disguised sales, and selected other concerns.


  1. Explain partnership Schedule K-1 allocations.


  1. Explain basis of a partner’s interest including liability allocations.


  1. Explain disposition of partnership interests including “hot asset” reporting.


Major Topics:


  • Formation Issues – Contributions Of Property Vs. Services; Family Partnerships; Partnership Agreements; Excess Debt Relief; Investment Company Traps, And More.


  • Husband And Wife Scenarios; Exclusions From Partnership Taxation.


  • Transactions Between Partners And The Partnership Tax Entity.


  • Schedule K-1 Allocations; Substantial Economic Effect; Alternatives; Non-recourse Deductions And Documentation; Liability Allocations.


  • Basis, At-Risk, And Passive Activity Loss Reporting.

  • Form 1065 – IRS Audits.


  • Disposition Of Partnership Interests; Hot Assets; Form 8308 Reporting; Optional Basis Adjustments – IRC 754.


  • Retirement Payments To Partners.


  • Self-Employment Tax Issues (LLP, PLLC, LLC, Etc.).


  • Form 1065 Compliance Issues.


  • Self-Employed Health Insurance Deductions – Partners.


  • The Impact Of The 3.8% Net Investment Income Tax.



Designed For: CPAs with at least six (6) years of experience. You must have a basic knowledge of federal taxation.


NASBA Fields Of Study: Taxes.

Level: Intermediate.

Presentation Method: Live Webcast Lecture With Questions And Answers.

Recommended CPE Credit Hours: 7 CPE credit hours.

Program Times: Start – 10:00 AM (East Coast Time).

First Break – 10 Minutes At Noon (East Coast Time).

Second Break – 10 Minutes At 2:00 PM (East Coast Time).

Third Break – 10 Minutes At 4:00 PM (East Coast Time).

End Time – 5:00 PM (East Coast Time).


Advanced Preparation: Basic knowledge of federal taxation.



Texas Registration: 009838


“I have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of my CPE program.”


Larry Stein CPE Live Webinars
ID# 109111
Lawrence J Stein
9620 NW 82nd Street
Tamarac, FL 33321
Phone: 954.721.5588
Group Internet-Based


Larry Stein CPE Live Webinars is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org






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