Hawaii Society of Certified Public Accountants

CPE Course Details
Partnerships & LLCS: Special Allocations Wednesday, September 19, 2012 8:30 a.m. - 4:30 p.m. (8:00 a.m. Registration) Hawaii Society of CPAs Description: This course will provide guidance and a thorough understanding of the planning opportunities and pitfalls of special allocations, as well as LLC allocations and the sharing of partnership debt. Highlights: Allocations of income and loss with respect to contributed property under the §704(c) regulations, using the traditional method, the traditional method with curative allocations, and the remedial allocation method Reverse §704(c) allocations Allocations of income and loss under the primary economic effect test Allocations under the alternate economic effect test Nonrecourse deductions, qualified income offset, and minimum gain chargeback Allocations of income and loss under the partner' interest test Testing for substantiality Allocation of recourse, nonrecourse, and qualified nonrecourse debt Treatment of guarantees, assumptions, and indemnification agreements Allocation of nonrecourse deductions and liabilities, including minimum gain and gain chargebacks Varying interest rule under §706(d) Understanding what is necessary in order to create a deficit in the book or tax capital account of a member of an LLC At-risk rules as applied to LLCs, including deficit restoration obligations Review of an LLC operating agreement.
Course Number	PLSA
CPE Credit Hour/Area	8 CPE credit hours recommended
Developer	University of Denver Graduate Tax Program
Discussion Leader	Mark A. Vogel, CPA
Level	Intermediate
Member Fee	$280.00
Non-Member Fee	$330.00
Early Registration Register by Wednesday, September 5, 2012 and save.
Member Fee	$250.00
Non-Member Fee	$300.00