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Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales (Z1-ACL4-2022-01-SSDL)

200 Minutes
On demand - Audio

On Demand - Audio

4 CPE Credits in TX

OVERVIEW

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

  • When are distributions taxable?
  • Miscellaneous issues, including the critical difference between §736(a) and §736(b) payments
  • Sales of an LLC interest -- holding period and hot asset issues

HIGHLIGHTS

  • Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
  • Discuss the tax consequences of a liquidation of a partner’s interest
  • Describe the options when a partnership terminates or continues following an acquisition or merger
  • 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

COURSE LEVEL

Advanced

PREREQUISITES

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

ADVANCE PREPARATION

None

PRICING

$79.00 - Member

$99.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

ALSO AVAILABLE

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

ALSO QUALIFIES FOR

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