Instructor
Per Bruce on 6/12/2019:
Bruce M. Nelson, MA, is a CPA with more than 35 years’ experience in federal and state and local tax (SALT). Currently the editor-in-chief of the Journal of State Taxation, Bruce previously spent ten years as director of the SALT group at EKS&H, LLLP, three years with a law firm specializing in tax audit defense and litigation, and several years as a senior tax manager for Ernst & Young. Bruce earned a Bachelor of Arts degree from the University of Nebraska-Lincoln and a Master’s degree from Colorado State University.He is a frequent seminar speaker and teaches continuing education classes in tax for the Colorado Society of CPAs and the American Institute of CPAs. Bruce has published more than fifty tax articles in many publications including the Journal of Accountancy, Tax Executive, Journal of State Taxation, the Journal of Multistate Taxation, State Tax Notes,and Colorado Lawyer. He is the author of The Adviser’s Guide to Multistate Income Taxation and co-author of the Sales and Use Tax Answer Book.
-Bruce
Per Ashlee on 6/12/2019:
Bruce has more than 30 years of accounting experience in state and local tax. He has experience working with multistate public and privately owned businesses and leading the State and Local Tax (SALT) practice before leaving EKS&H. Prior to joining EKS&H, Bruce spent three years with a law firm specializing in state tax audit defense and litigation; two years as the Manager of Tax Policy at the State of Colorado; and before that, he was a Senior Tax Manager for several years in a “Big Four” accounting firm. Bruce has published more than forty tax articles in many publications and authored the Sales and Use Tax Answer Book.
Partnership tax law is arguably one of the most complex set of provisions in the Internal Revenue Code. To effectively serve your business and individual partner clients, you must have a good working knowledge of the Internal Revenue Code’s sophisticated partnership tax rules and regulations.
This course can help you to master the advanced concepts of partnership taxation, so you can provide your clients with valuable advice and tax planning strategies. Updated with the most recent legislation and IRS guidance affecting Partnerships & LLCs, this course will guide you through the complicated world of advanced partnership and LLC tax law. Some of the many concepts covered in this course include special allocations, liquidating and non-liquidating distributions, property basis calculations under various scenarios, and sales of a partnership interest.
• Identify how to allocate income, gains, losses, and deductions among partner/members to reflect their agreed-upon interests properly in partnership or LLC economic activities.
• Determine the risks taken by investors with respect to their investment in a partnership or LLC and allocate the entity’s liabilities accordingly.
• Determine the consequences of selling a partnership or LLC interest.
• Calculate the basis of partnership or LLC following distributions of multiple properties.
• Recognize how to plan for the effects of a distribution of multiple properties.
• Identify how to make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership.
• Allocation of partnership and LLC income under Section 704(b)
• Allocations with respect to contributed property
• Allocation of partnership recourse liabilities under Section 752
• Allocation of partnership nonrecourse liabilities and related deductions under Sections 752 and 704(b)
• Advanced distribution rules
• Adjustments to the basis of partnership/LLC assets
• Sale of an interest in a partnership or LLC
101 S St Vrain Ave, Estes Park, Larimer County, Colorado 80517
Get DirectionsBasic knowledge of business taxation
None
Managers and partners in public accounting who assist clients with tax planning for closely held LLCs and partnerships