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Fundamentals of Partnership Tax Operations

October 29, 2019 @ 12:00 pm - 1:30 pm EDT

Free

Participants of the live webinar will be eligible for 1.5 free CPE credit.

Program Content:The Mechanics Toolbox Series is designed to identify and describe the mechanical intricacies and challenges of taxation. This installment of the Series is focused on Partnerships. Partnerships have great flexibility in how they operate; however, when decision makers are evaluating the impact of the flexibility that partnerships have, the tax implications of that flexibility are often over simplified making it difficult for decision makers to fully understand the impact to the partnership and the partners. This installment in the Series is intended to take participants on a journey that recognizes the complexities that key decisions makers are faced with regarding partnerships. This installment of this series starts with simple examples, but then moves to complex scenarios so that participants get a complete understanding of progressive complexity in connection with how a decision might impact the partnership and the partners. This session will cover the fundamentals of partnership taxation, and include a discussion on scenarios that may lead to surprising or unexpected tax consequences. This session will address the following topics: Contributions to and Distributions from a partnership aren’t taxable, right? Having “fun” with basis and depreciation computations when certain partnership transactions arise, and liability allocations matter more than one might think.

Learning objectives

  • Describe situations in which contributions to and distributions from a partnership may be taxable
  • Define complexities with basis tracking and depreciation computations as a result of certain partnership transactions
  • Identify the tax impact liability allocations can have on partners

Speakers:

Recommended Field of Study: Taxes
Program Level: Overview
Prerequisite: None
Delivery Method: Group-Internet

If you have any questions or encounter any difficulties while enrolling, please contact technical support via phone at +1 877 398 9939, via email at GTWebcast@centurylink.com, or visit our webcasting frequently asked questions page.

If you have any questions regarding CPE credit, please contact CPE support via phone at +1 630 396 5831, via email at CPEEvents@us.gt.com, or visit our webcast CPE information page.

Register for the Webcast

Details

Date:
October 29, 2019
Time:
12:00 pm - 1:30 pm
Cost:
Free
Event Category:
Event Tags:
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Field of Study
Taxes