CPE Credits: 2
Course Level: Advanced
Prerequisites: Working knowledge of partnership taxation
Advance Preparation: None
Fees: $49 for Members and $60 for Nonmembers
Summary
The cessation of partnership activities represents unique challenges for the tax professional. If you are confused by the rules and the proper steps to take when terminating your client’s partnership, this webinar is designed to clarify the confusion and to provide useful tools to ease the burden on your taxpayer and to ensure that proper compliance is followed.
Objectives:
Upon completion of this webinar, you will be able to:
- Terminate and liquidate a partnership.
- Identify the proper documentation and items necessary to complete a final Form 1065.
- Distinguish between a partnership termination and a corporate liquidation.
- Analyze the tax effects on the distributions of assets and/or liabilities to the partners.
Presenter: Steven O'Rourke, EA