October 25, 2022


Webcast

AND

In-Person

Webcast


4 CPE

NOW WEBCAST ONLY: Advanced Issues in Partnerships

October 25, 2022
In Person + Online
4 CPE

NOW WEBCAST ONLY: Advanced Issues in Partnerships

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    Instructor

    Bruce
    Nelson

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Learning Objectives

Distinguish between “book” allocations required under Section 704(b) and “tax” allocations required under Section 704(c).
Calculate the gain that can result from reallocation of liabilities when a partner joins a partnership.
Calculate a partner’s or member’s share of recourse and nonrecourse liabilities of a partnership or LLC.
Determine the tax consequences associated with the sale of a partner’s or member’s interest in a partnership or LLC.

Major Topics

Allocation of partnership and LLC income under IRC Section 704(b)
Allocation of partnership recourse and nonrecourse liabilities under Sections 752 and 704(b)
Adjustments to the basis of partnership or LLC assets
Sale of an interest in a partnership or LLC

CPE Credits Available

4 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Update

Prerequisites

None

Advanced Preparation

None

Intended Audience

Staff and managers in public accounting who assist clients with tax planning for closely
held LLCs and partnerships

Provider

DNU Colorado Society of CPAs dnu

This event has ended.