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Partnerships Certificate Program LIVE - Advanced Partnerships
IRS Program #: X9QQU-T-00902-22-O
CTEC #: 6257-CE-0109
CE: 2 IRS CE & 2 CTEC credits
Speaker: Jane Ryder EA, CPA
There are many unique and favorable tax attributes related to partnerships and LLCs filing as partnerships. This course will demonstrate and review several valuable advanced partnerships matters such as contribution of assets with built in gains, distribution of assets from the partnership to partners, liquidating the partnership, §754 elections, advanced state PTET tax planning, and more. We'll also review other compliance matters including Schedules K-2 and K-3.
- Understand tax reporting for contributing or distributing assets or property other than cash.
- Learn how to record activity related to partners forming, joining, or leaving a partnership or LLC.
- Develop valuable tax strategies and tax planning moves related to these advanced partnership issues.
- Review the new Schedules K-2 and K-3, which sections are applicable to most entities and tax penalty consequences of failing to prepare these schedules.