National Association of Tax Professionals (NATP)

NATP National Association of Tax Professionals

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Tax Implications of Partnership Interest Changes Self-Study

Summary

Partnerships can add, drop or change partners at any time during the year. Several events, such as a sale, gift, redemption or death can all factor into why a change in a partnership interest could occur. Each of these events comes with its own tax implications and reporting requirements. The material will cover the tax consequences of redemptions on the exiting partner and the partnership as well as the tax implications when the partnership holds hot assets.

Objectives

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

Summarize the tax consequences when a change in partners happens
Identify hot assets and explain how they affect certain transactions

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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