Advanced Critical Tax Issues for Limited Liability Companies and Partnerships (X1-ACTL-2025-01-WEBNR-282-01)

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Thursday, October 9, 2025 Live Webcast

9:00 AM - 5:00 PM EDT

Vendor Platform

8 CPE Credits in TX

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

DESIGNED FOR

CPAs with clients using the LLC or LLP structure who need to understand advanced issues, problems and planning strategies.

BENEFITS

Identify the tax and non-tax advantages and disadvantages of LLCs and partnerships
Describe how inside and outside basis is affected by liabilities, recourse and nonrecourse
Discuss the impact of cash and property distributions
Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
Complete a case study to improve advocacy skills before the IRS

HIGHLIGHTS

Single-member limited liability companies as an alternative to subsidiaries
Cancellation of indebtedness: rules and regulations
How the IRS views members or partners for Social Security purposes
Special problems when forming an LLC
Debt issues and problems in structuring LLCs and LLPs, including loan guarantee issues, recourse and nonrecourse debt, the at-risk basis rules, and new regulations restricting “bottom dollar” guarantees
Distributions: is it just a disguised sale? New regulations eliminate certain tax-deferred leveraged partnership transactions
Death or retirement of a member or partner -- Understanding the alternatives
Step-up in basis issues -- How to make the computations and elections
Property transactions between the LLC/LLP and its members or partners -- Inbound and outbound transactions: what to do with built-in gain or loss property
Partnership losses: when are they deductible? See, in particular, TCJA and CARES override
Material participation rules for LLC members and limited partners: how they affect passive loss issues
Continuation and termination of an LLC/partnership in the context of a merger or acquisition
Sales of an LLC Interest -- holding period, and hot asset issues
Impact of the tax on investment income on the sale of an interest in a partnership or LLC
Repeal of technical termination of partnership provision

COURSE LEVEL

Advanced

PREREQUISITES

A basic course in LLCs/partnerships or equivalent knowledge and experience

ADVANCE PREPARATION

None

ADDITIONAL NOTES

This seminar qualifies for CFP credit.
This seminar qualifies for IRS credit.

Please call Surgent Help, 800-778-7436, if you need a EA/IRS CPE Certificate.

Susan Smith, CPA
(4.7)

Surgent Professional Education

Read bio

PRICING

$269.00 - Member

$289.00 - Nonmember

Note: Online pre-registration will close on October 9 at 8:30 AM.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

ALSO AVAILABLE

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

TAX: Business tax

ALSO QUALIFIES FOR

IRS (EA)

Advanced Critical Tax Issues for Limited Liability Companies and Partnerships (X1-ACTL-2025-01-WEBNR-282-01)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

ADDITIONAL NOTES

SESSIONS

INSTRUCTOR

Susan Smith, CPA
(4.7)

PRICING

ADDITIONAL OPTIONS

Request a Reminder

ALSO AVAILABLE

COURSE DEVELOPER

AREAS OF INTEREST

ALSO QUALIFIES FOR

Data Alerts

Advanced Critical Tax Issues for Limited Liability Companies and Partnerships (X1-ACTL-2025-01-WEBNR-282-01)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

ADDITIONAL NOTES

SESSIONS

INSTRUCTOR

Susan Smith, CPA (4.7)

PRICING

ADDITIONAL OPTIONS

Request a Reminder

ALSO AVAILABLE

COURSE DEVELOPER

AREAS OF INTEREST

ALSO QUALIFIES FOR

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Susan Smith, CPA
(4.7)