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 – from formation of the
entity to the reporting and allocation of partnership/LLC income or loss
to distributions and compensatory payments to partners or LLC members.
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. Topics Discussed: Tax structure of
partnerships and LLCs Tax consequences of Partnership or LLC formation
Partnership distributions Compensatory payments to partners At-risk
and passive activity limits Overview of profit and loss allocations
Reporting taxable income for partnerships and LLCs