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Friday, September 21, 2018 Live

Basis/Distributions for Pass-Through Entities: Simplifying the Complexities (E1809131)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

The IRS is scrutinizing the basis owners have and the transactions in which the computation of basis is required more closely than ever. Address the rules used to determine basis for partnerships and S Corporations, and put the computation of basis in contexts that often come under scrutiny. Learn the crucial rules for computing the adjusted basis and the tax treatment of distributions of pass-through entities.

DESIGNED FOR

CPA firm managers, partners, and other tax practitioners who advise clients concerning issues related to the computation of pass-through entity basis, loss limitations, sales of interests and distributions.

BENEFITS

  • Calculate the basis of a partnership interest or S Corporation ownership
  • Determine the amount and the character of income or loss the partner or shareholder should recognize because of distributions of propertyor money
  • Apply the basis, at-risk, and passive activity loss limitations to passthrough losses from partnerships, LLCs, and S Corporations
  • Determine the tax treatment of sales of either partnership interests or S Corporation stock
  • Calculate the basis of partnership or LLC property following certain distributions and transfers of interests in the entity

HIGHLIGHTS

  • Structuring cash and property distributions to avoid unexpected tax consequences
  • Adjusting basis in partnership assets to save future taxes
  • Measuring the gain or loss on the sale of an interest in a partnership or S Corporation
  • Minimizing recognition of ordinary income on sale of an interest
  • Maximizing the amount of the pass-through losses deductible by the partner/shareholder

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in business taxation.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.

Help Feed Those in Need
  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.

INSTRUCTOR

Robert Gilwee

Robert M. Gilwee, CPA, MS

Surgent Professional Education

Robert Gilwee, CPA Robert M. Gilwee, Jr. is a partner in the accounting firm Grandizio, Wilkins, Little, & Matthews, LLP in Sparks, Maryland. He has more than 30 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations, and other entities. He is a frequent discussion leader on a variety of taxation topics. He received the Top Manuscript Award from Coopers & Lybrand. In 2015, 2016, and 2018, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.

PRICING

$379.00 - Nonmember

$279.00 - Member

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

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs