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Friday, September 5, 2025 Live Webcast

Mastering IRS Form 7217: Partnership Property Distributions (X2-53494)

9:00 AM - 10:00 AM EDT
webcast

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1 CPE Credits in TX

OVERVIEW

The IRS recently released the new Form 7217 for 2024, designed for a partner to report distributions of property received from a partnership. This course dives into the complexity of the partnership distribution rules and their application to the new form, as well as discuss liquidating a partner's interest, Section 751 and the Section 754 election.

DESIGNED FOR

CPAs and members in industry seeking an in-depth review of partnership property distributions.

BENEFITS

After attending this presentation, you will be able to...

  • Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
  • Identify and recall key compliance issues
  • Identify and recall significant issues in the Form 7217

HIGHLIGHTS

The major topics that will be covered in this course include:

  • Property distributions in liquidation of a partner’s interest
  • Section 751 and its impact on property distributions from a partnership
  • Mechanics of completing Form 7217 – new for 2024
  • The Section 754 election and its role in partnership property distributions

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of individual and business taxation.

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.
(4.4)

Steven C. Dilley, CPA, J.D., Ph.D. is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his Ph.D. in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.