Webcast Acronym: PtrBASIS

Webcast Title: Partner-Level Basis, At-Risk Amount, And Other Loss Limitations

Recommended

CPE Hours: 2 CPE Credit Hours.

Highlights:

Come join Larry Stein as he discusses partner-LLC member basis and at-risk amount. The computation of partner basis and LLC-member basis will be reviewed. Liability sharing to arrive at partner’s share of partnership liabilities will be analyzed. The computation of a partner’s at-risk amount will also be reviewed. Recent developments will be highlighted. Don’t miss out on this essential CPE webcast with Larry Stein!

Learning Objectives:

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

1. Explain the computation of partner basis and LLC-member basis.

2. Explain the computation of partner’s share of partnership liabilities.

3. Explain the computation of the at-risk amount.

4. Explain selected recent developments that impact the amount at-risk and basis.

Major Topics:

• Partner-Level Basis Computed – IRC 705(a).

• Partner’s Share Of Partnership Liabilities – IRC 752 Regulations.

• Recourse, Nonrecourse, And Qualified Nonrecourse Liability Amounts.

• Nonrecourse Deductions.

• At-Risk Amount Computed – IRC 465 And IRS Form 6198.

• Guaranteed Debt And The Amount At-Risk – Recent IRS Advice.

• Other Loss Limitations – Passive Activity Loss Limit; $25,000 Rental Real Estate Loss Allowance (IRC 469).

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: 2 CPE credit hours.

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