Course Detail

Partnership and LLC Core Tax Issues from Formation Through Liquidation

Description:

As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. The course is designed to be a step above a mere preparation seminar, including a deeper study into critical areas of formation, special allocations of income and deductions, basis calculations and implications of recourse and nonrecourse debt, basis step-up under §754 on transfer of an ownership interest, distributions, self-employment tax issues, and termination/liquidation of the LLC.

Highlights:

Learning Objectives:

•Prepare more complicated partnership returns

•Understand certain advanced concepts of partnership taxation

Objectives:

Learning Objectives:

•Prepare more complicated partnership returns

•Understand certain advanced concepts of partnership taxation

Prerequisites:

Experience in business taxation

Designed For:

Experienced CPAs desiring a comprehensive case approach to understand reasonably complex limited liability company issues and problems; also, CPAs who want a comprehensive, intermediate-level limited liability company practice manual

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