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4 CPE

Surgent's Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales

This is a text-based course

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4 CPE

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This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

 The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

Learning Objectives

  • Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
  • Discuss the tax consequences of a liquidation of a partner’s interest
  • Describe the options when a partnership terminates or continues following an acquisition or merger 
  • Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership

Major Topics

  • When are distributions taxable?
  • Miscellaneous issues, including the critical difference between §736(a) and §736(b) payments
  • Sales of an LLC interest -- holding period and hot asset issues

CPE Credits Available

4 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Tax

Prerequisites

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

Advanced Preparation

None

Intended Audience

Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies

Provider

Surgent CPE

Purchase This Course

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  • COCPA Non-Member

    $ 103 103
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