CANCELLED: Tax Consequences and Reporting Issues of LLCs, LLPs, LPs, (111280A-16)
Description
Is LLC and partnership taxation something new to you? Perhaps you have
worked in this area for years but need a quick review of the fundamental
concepts? Build a foundation of knowledge or freshen up your skills.
This course addresses the tax consequences of the most common
transactions engaged in by LLCs and partnerships. Develop a level of
comfort with the basic conceptual framework underlying partnership and
LLC taxation, with an emphasis on explaining the tax consequences
associated with issues that are most frequently confronted by tax
practitioners.
Learning Objectives
Describe how partnerships and LLCs opting to be treated as
partnerships will report their federal taxable income to the IRS.
Determine the tax basis of assets transferred to a partnership or LLC at
formation.
Explain the tax consequences and liabilities to a
partnership/LLC of property transfers.
Distinguish between
distributions and compensatory payments to partners, and recognize tax
consequences of each type of payment.