Partnership & LLC Tax Workshop (Advanced)

Course Details

Date

Thursday, October 25, 2018

8:30am – 4:30pm
(Registration: 8:00am)

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

PTWII

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Advanced

Vendor

Accountant's Education Services (AES)

Prerequisites

Understanding of partnership tax returns

Description

This one-day course exposes the participant to more difficult tax partnership issues that are not routinely encountered in preparing an easier Form 1065.

Objectives

  • Describe the tax effect of the Tax Cuts and Jobs Act on the partnership rules
  • Describe the tax effects of a termination and transactions between a partner and a tax partnership
  • Explain the rules that apply to sale of an interest in a partnership, including unrealized receivables, inventory, and the 754 election, and differentiate between inside and outside basis
  • Describe the tax effects of current distributions, including reporting problems on Schedule K and Schedule K-1, and the 754 election, and distributions of marketable securities
  • Describe the tax effects of a liquidating distribution, including reporting problems on Schedule K and Schedule K-1, and the 754 election
  • Apply the 3.8% Medicare tax to gains and losses from a sale or exchange of an interest in a partnership, as well as to current and liquidating distributions
  • Identify disproportionate distributions under 751(b)
  • Describe the tax effects of withdrawing from the partnership, including cross-purchase agreements and payments for a retiring partners interest in stated and unstated partnership goodwill
  • Identify the tax problems associated with death of a partner, including income in respect of a decedent and self-employment tax, as well as the different tax effects of a cross-purchase agreement, having the estate succeed to the deceased partners interest, or requiring the partnership to redeem the deceased partners interest
  • Summarize the different types of special allocations under 704(b)(2), reverse 704(c) allocations, and the allocation of recourse and nonrecourse debt of a partnership and LLC, and differentiate between a waterfall provision and a targeted allocation

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by October 11, 2018.

$275.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$325.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by October 11, 2018.

$425.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$475.00
Neighbor Island Discount

Applicable for Neighbor Island members in good standing

-$75.00
Associate Neighbor Island Discount

Applicable for Associate Neighbor Island members in good standing

-$25.00
Your Price $475.00

CPE Choice

Learn more about CPE Choice.
CPE Choice Fee $240.00

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