Our Understanding Advanced Partnership Taxation series takes a look at some of the more difficult areas of the tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will look at partner basis calculations and distributions. We will also look at the substantial economic effect rules, the implications of minimum gains for nonrecourse debt, and constructive liquidation scenarios for recourse debt allocation. What about selling a partnership interest? We will take a look at those look-through provisions, as well as how the gain on the sale of a partnership interest can be both short-term and long-term… at the same time!
*Pricing includes catered lunch, coffee, and refreshments.
Level: Intermediate
Field of Study: Taxes
Who Should Attend: Tax and financial advisors who regularly deal with partnerships and partners
Required Knowledge: Basic understanding of partnership taxation
Advanced Prep: None
Speaker: Peters, David