IRC Section 751 Hot Assets ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $174.00
Non-Member Price $200.00
Overview
When a partner starts the negotiation process to sale their interest they may not consider the tax treatment of Hot Assets. These Hot Assets are business assets, that if sold have the potential to create ordinary income. This course will provide a useful overview of techniques to assist the tax professional in assisting their clients who sell partnership interests. Ensure that we do not, as tax advisors, assume that equally situated taxpayers will be treated similarly by the Tax Code.
Highlights
Categories of hot assets. Potential issues.
Prerequisites
None.
Designed For
CPAs.
Objectives
Distinguish the categories of hot assets. Analyze the three steps necessary to be calculated on every calculation regarding IRC Section 751. Extrapolate issues skulking in the tax code that can surface and cause tax pain to our clients. Interpret why similar types of entities do not always result with the same tax results. Discuss Form 8308. Provide detail examples to demonstrate how Section 751 applies to the sale of partners’ interest.
Preparation
None.
Notice
None.
Leader(s):
- A J Reynolds, Western CPE
Non-Member Price $200.00
Member Price $174.00