This program focuses on two parts of Subchapter K, partnership distributions and sales of partnership interests – topics that tax practitioners are often asked about by clients. Tax practitioners are called upon to advise both the partnership which makes distributions and the partners receiving the distributions regarding the tax consequences of these transactions. Additionally, tax practitioners will be deeply involved in decisions regarding the sale and purchase of a partnership interest. These topics are thoroughly covered in this program. The presenters also discuss several types of partnership distributions and the tax rules relating to them, as well as analyze the tax rules relating to the sale of a partnership interest. Tax practitioners will be given an in-depth analysis of these complex topics, so that they can effectively answer their clients’ questions.
Objectives:
Be familiar with the complex issues related to partnership distributions and sales
Advise individual and business clients regarding these practice issues
Required Knowledge: Basic understanding of individual and business taxation
Who Should Attend: Accounting and finance professionals seeking to gain a deeper understanding of partnership distributions/sales
Qualifies for Yellowbook: No
Qualifies for Enrolled Agent: Yes
Field of Study: Taxes
CPE: 4.00