Webcast Title: LLC-Partnership Taxation – A Comprehensive Review
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. 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.
2.
Explain transactions between partners and partnerships including
guaranteed payments, disguised sales, and selected other concerns.
3.
Explain partnership Schedule K-1 allocations.
4.
Explain basis of a partner’s interest including liability
allocations.
5.
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.
·
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.
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 Reg:
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
ID# 109111
Lawrence J Stein
9620 NW 82nd Street
Tamarac, FL 33321
Phone: 954.721.5588
Group Internet-Based
Larry Stein
