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Date / Time / Location

Wednesday, September 27, 2017
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Education Center425 Eagle Rock Avenue,
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in TX

Pricing

  • $399.00 - Non Member
  • $299.00 - Member

AICPA members receive a discount of $30 for this event.

Course Developer

Learn the pros and cons of the LLC, general partnership, limited partnership, and limited liability partnership by focusing on planning and potential tax traps. A review of distinct advantages of these entities is coupled with an examination of the risk members and partners face if they do not have a solid tax plan to minimize their exposure. Move your working knowledge of partnership and LLC taxation beyond the basics.

Designed For

Managers and partners in public accounting who assist clients with tax planning for closely held LLCs and partnerships.

Benefits

  • Allocate income, gain, loss, and deduction among partner/members to reflect their agreed-upon interests properly in partnership or LLC economic activities
  • Assess the risks taken by investors with respect to their investment in a partnership or LLC and allocate the entity’s liabilities accordingly
  • Determine the consequences of selling a partnership or LLC interest
  • Calculate the basis of partnership or LLC following distributions of multiple properties
  • Plan for the effects of a distribution of multiple properties
  • Make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership

Highlights

  • Allocation of partnership and LLC income under Section 704(b)
  • Allocations with respect to contributed property
  • Allocation of partnership recourse liabilities under Section 752
  • Allocation of partnership nonrecourse liabilities and related deductions under Sections 752 and 704(b)
  • Advanced distribution rules
  • Adjustments to the basis of partnership/LLC assets
  • Sale of an interest in a partnership or LLC

Prerequisites

Basic knowledge of business taxation.

Advance Preparation

None

Additional Notes

  • *AICPA members deduct an additional $30 from applicable price.
Pre-Registration Closed

Online pre-registration for this event is now closed.

Steven Wagner

Steven B. Wagner, CPA
AICPA

Steven Wagner has extensive accounting, tax and business experience in the servicing of various size companies, as well as individuals. His core industry focus has included growth businesses, professional service organization, retail, manufacturing, real estate development investments, and financial institutions. Steve Previously was partner in charge of the tax practice of a local CPA firm where he practiced in the area of taxation since 1988. He practices in the tax department assisting clients with a variety of matters including: mergers and acquisitions, stock and other incentive based compensation, multi-state taxation, representing taxpayers before various taxing authorities, LLC structuring and operations, and estate planning. Steve also serves as an expert witness in taxation litigation proceedings. Steve has instructed taxation courses for the Minnesota Institute of Legal Education, the Minnesota Tax Institute, Minnesota Society of CPAs, The American Institute of CPA’s, Seminar Professionals, Inc, Minnesota Bankers Association, Construction Management Association and the Association of General Contractors. Steve was the first to present the health care bill to the Minnesota Society of CPAs. He consistently receives high evaluations for his technical expertise and his practical application of tax law to real world situations and was named a “Super CPA” by Minnesota Law and Politics and Twin Cities Business Monthly.

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Pre-Registration Closed

Online pre-registration for this event is now closed.