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Tax Fundamentals of LLCs and Partnerships

Description

Acquire the basic skills you need to prepare income tax returns for LLCs and Partnerships. This course helps you identify the information required from the accounting system and the questions to ask of managers or business owners.

This course provides participants with a foundation of tax principles and rules applicable to flow through entities under IRC section subchapter K.

Learning Objectives
  1. Upon completion of this webcast, participants will be able to:
  2. Recall how partnerships and LLCs opting to be treated as partnershipswill report their federal taxable income to the IRS
  3. Calculate the tax basis of assets transferred to a partnership or LLC atformation
  4. Recognize the tax consequences and liabilities to a partnership/LLC ofproperty transfers
  5. Distinguish between distributions and compensatory payments to partners,and recognize tax consequences of each type of payment
Major Topics
  1. Tax structure of partnerships and LLC
  2. Tax consequences of partnership or LLC formation
  3. Partnership distributions
  4. Compensatory payments to partners
  5. Overview of profit and loss allocations
Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Taxes
4.5
Who Should Attend

Public accounting staff, seniors, and tax professionals in company finance or tax departments.
Instructor(s)
Pamela Davis-Vaughn
Prerequisites
Basic knowledge of pass-through entities
Location
Online
Event Information
When
Dec 23, 2016
9:00 am - 1:00 pm EST
Location
Online
Total CPE Credits
4.5
Format
Webcast Replay

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$159.00

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$199.00
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Tax Fundamentals of LLCs and Partnerships

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