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Intermediate Partnerships

Summary

Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of a learner who already has a basic understanding of partnership taxation.

Objectives

Upon completion of this course, you will be able to:

  • Differentiate between the different types of partnerships.
  • Recognize tax basis capital accounts.
  • List the important tax rules regarding special tax allocations.
  • Summarize important rules regarding guaranteed payments.
  • Identify a §754 election.
  • Calculate basis adjustments required by a §754 election.
  • Identify disguised sales.
  • Prepare Form 1065 when one partner leaves in a two-partner partnership.
  • Identify limited liability partners for purposes of self-employment tax.
  •  
  • Prepare Form 8308.
  • Prepare Form 1065 when a partner terminates an interest.

Course Details

Includes online workshop recording, PowerPoint presentation, interactive module and e-book. CPE is issued after exam is successfully completed.




   

Presented by: Steve O'Rourke, EA

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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