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The Top Five Tax Issues in Dealing with LLCs and Partnerships - VIRTUAL

Overview

Partnerships and LLCs involve unique problems that require careful attention. This course covers selected critical tax issues that practitioners need to know when working with partnerships and limited liability companies, with a focus on planning opportunities and pitfalls.

Prerequisites

A basic course in partnership theory or experience in tax compliance or planning for partnerships and LLCs

Objectives

  • Identify and distinguish guaranteed payments and distributive shares
  • Understand the relationship between capital account maintenance and outside basis adjustment
  • Define various kinds of partnership liabilities and explain the tax consequences of each

Highlights

  • Coverage of important provisions of The SECURE 2.0 Act and Inflation Reduction Act
  • Self-employment tax issues: what you can and cannot do
  • Capital accounts: book vs. tax issues
  • Determining basis: key issues and technical analysis in calculating basis
  • Dealing with debt: recourse, nonrecourse, and why it matters
  • Guaranteed payments, distributive shares, and draws: understanding the difference

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

LPO41024

4 CPE Credits
Tax: 4 Credits

Registration

Member Price:
$219
Non-member Price:
$269
Register by October 10th for Early Bird Pricing.

Registration is open through 10/23.

Thursday, October 24th

1:00pm to 4:30pm
(Check-In 12:30pm)

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Instructor

John Lawrence