Formation Through Liquidation: Important Partnership and LLC Tax Issues

Course Information

Title:	Formation Through Liquidation: Important Partnership and LLC Tax Issues
Category:	Taxation
Field of Study:	Taxes
Course Code:	M338
CPE Credits:	8.0
Price:	59.95

Description

Description:

This course is designed for staffers who, as they gain career experience and receive more complex assignments, are interested in tackling partnership and LLC issues beyond mere preparation. Dive into an extensive study covering the full life cycle of an LLC: formation; basis calculations and implications of recourse and nonrecourse debt; special allocations of income and deductions; distributions; self-employment taxation; basis step-up under §754 on transfers of ownership interest; and termination and liquidations of an LLC. The course provides a look at each major source of increased complexity when it comes to issues regarding LLCs, including both legal and tax ramifications.

Delivery Method: Online Interactive Self Study

Level: Intermediate

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Technical Details: Taxation is a technical field of study for all states

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Objectives

Objectives:

Understand certain advanced concepts of partnership taxation
Prepare complicated partnership returns

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: IRS credit for Enrolled Agents

Profession Identifiers: CPA, EA