CPE Online Course Detail


Partnership Taxation

Price :   $19.95
CPE Credits :   2.0
Course Code :   T011-0161
Category :   Taxation
  

Description:
The course will examine tax issues relating to the formation and operation of partnerships. Participants will gain a familiarity with basic areas of partnership taxation so as to recognize a problem and have at hand some practical knowledge for its solution.


Delivery Method: Online Self Study


Level: Overview


Prerequisites: None


Advanced Preparation: None


Policies: Click here


Author: Danny Santucci


Category: Taxation


Field of Study: NA


Passing Score: 70%


Publication Date: 01/15/2016


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Objectives:
1. Recognize the tax treatment of partnerships noting advantages and disadvantages and their effect on income attribution.
2. Determine partnership income and reporting requirements by:
a. Identifying filing requirements and the impact partnership K-1's on individual or partner taxation; and
b. Specifying loss deduction limitations and stating the tax treatment of guaranteed payments, organizational expenses and other fees.
3. Identify the tax treatment of contributions of property to a partnership under Section 721 and the impact on tax basis.
4. Recognize the tax treatment of partnership distributions and sale of partnership interests by:
a. Identifying the tax treatment of partner liabilities and of sales and exchanges of partnership interests and property; and
b. Determining the differences between liquidating and non-liquidating payments including definition of a partner's basis on such an event.


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NASBA: Yes


QAS: Yes


CPA: Suitable for all CPAs


IRS: Enrolled Agents Program Number 263UK-T-00136-14-S




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