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Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

  November 13, 2018 from 8:00 a.m. to 3:30 p.m.
 Fairfax
 
8.0
19 / 3-722
Designed For:

Calculate the basis of a partnership interest or S Corporation stock ownership. Determine the amount and the character of income or loss the partner or shareholder should recognize, in the event of distributions of property or money. Apply the basis, at-risk, and passive activity loss limitations

Prerequisite:

Experience in business taxation

The IRS is scrutinizing, more closely than ever, the basis owners have and the transactions for which the computation of basis is required. This course addresses the rules used to determine basis for partnerships and S corporations, and puts the computation of basis in contexts that often come under scrutiny - loss limitations, distributions and sales of an interest, among others. Learn the crucial rules for computing the adjusted basis and the tax treatment of distributions from pass-through entities, such as partnerships and S corporations. Focus on the computation of the basis and the at-risk amount for these entities. Become familiar with correct allocation of liabilities among partners, the types and amounts of income that can result from distributions and sales of interests, and the basis of assets distributed from pass-through entities.

Delivery Method: Group-live
CPE Credit: Taxes
Program Level: Intermediate

Objectives

Calculate the basis of a partnership interest or S Corporation stock ownership. Determine the amount and the character of income or loss the partner or shareholder should recognize, in the event of distributions of property or money. Apply the basis, at-risk, and passive activity loss limitations to pass-through losses from partnerships, LLCs, and S Corporations. Determine the tax treatment of sales of either partnership interests or S Corporation stock. Calculate the basis of partnership or LLC property following certain distributions and transfers of interests in the entity.

Schedule

I want to download the manual (included in the registration fee)
I want a copy of the printed manual (additional $10 fee)

Speakers

Advanced Preparation

None

Sponsors

None

Vendor

CPE Type
Conference
Event location
Waterford at Fair Oaks