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Surgent's Understanding Partnership Taxation: Debt Allocations

 Various
 
2.0
Registration is Open
Member Price
$99.00 Regular Registration
Your Price
$104.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 07/17/2025 from 9:00 am to 11:00 am
 Mon, 08/11/2025 from 1:00 pm to 3:00 pm
 Fri, 09/26/2025 from 9:00 am to 11:00 am
 Mon, 10/20/2025 from 10:00 am to 12:00 pm
 Mon, 11/10/2025 from 10:00 am to 12:00 pm
 Mon, 12/08/2025 from 10:00 am to 12:00 pm
 Fri, 01/02/2026 from 10:00 am to 12:00 pm
 Mon, 02/02/2026 from 2:00 pm to 4:00 pm
 Currently available
Designed For:

Tax practitioners who are looking to improve their knowledge of debt allocations and how they affect a partner's tax basis

Prerequisite:

Working knowledge of fundamental partnership tax concepts

How debt is allocated to the partners in a partnership is important. It dictates how much money may be taken tax-free as a distribution, the losses that flow down to the partners, and the gain or loss on the sale of a partnership interest. However, the allocation of debt can differ depending on the type of debt it is and the type of partner we are talking about. Furthermore, 704(c) can complicate things. And what in the world is a constructive liquidation scenario? In this course, we will tackle the concept of debt allocations - how you do it, what it means, and why you do it.

Delivery Method: Individual webcast
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

  • State how debt allocations affect the calculation of a partner’s basis in the partnership
  • Recognize how recourse and nonrecourse debt are allocated to partners
  • Identify the tax effects of 704(c) on contributed property

Speakers

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.