Partnership Tax Guide ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $290.00
Non-Member Price $334.00
Overview
The tax law related to partnerships is complex. The Partnership Tax Guide course provides clarity by clearly stating the essential rules relating to the creation, operation, and liquidation of partnerships. Key topics covered include basic partnership concepts, basis, the sale of partnership interests, partnership terminations, partnership income and expenses, disguised sales, and anti-abuse rules. In short, this course presents a compact discussion of the essential issues related to partnership taxation.
Highlights
Partnership concepts. The partnership agreement. Economic substance doctrine. Sale or exchange of partnership interests. Partnership consolidations and divisions. Partnership tax forms. Partnership income and expenses.
Prerequisites
None.
Designed For
CPAs.
Objectives
Recognize the requirements for the partners in a partnership. Identify the tax rules pertaining to contributions to a partnership. Specify how the economic substance doctrine applies to partnerships. Recognize the tax implications of the various types of basis in a partnership. State the tax outcomes associated with the sale of a partnership interest. Specify the partnership elections that can impact the reported amount of taxable income. Identify the tax issues pertaining to the expenses that a partnership may recognize. Recognize the circumstances in which the revaluation of partnership assets would be appropriate.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $334.00
Member Price $290.00