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Surgent's Max the Tax: Section 754

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26 / S-60339
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Member Price
$49.00 Regular Registration
Your Price
$51.00 Regular Registration
Designed For:

Accounting professionals needing foundational information related to Section 754

Prerequisite:

A basic understanding of the tax rules impacting individuals and pass-through entities

Two firms need expert help with Section 754, and game participants are just the right people to assist. First, partners at LMN, LLP are considering electing Section 754. They need to understand key aspects of the process and want to ensure the best outcome to their basis in partnership property and interest. Participants must then leverage their knowledge and calculate the adjusted basis balance sheet for another firm that already elected Section 754.

Delivery Method: Download
CPE Credit: Taxes
Program Level: Intermediate

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Determine the amount of a Section 754 basis step-up 
  • Know how to allocate the basis step-up to the partnership's assets 
  • Know how a partnership makes a Section 754 election and reports it to the IRS

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.