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Wednesday, September 27, 2017 Live

Advanced Tax Strategies for LLCs and Partnerships (E1709241)

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

What works best for your client? 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. In addition, explore rules and regulations of these entities so you can move your working knowledge of partnership and LLC taxation beyond the basics. E-materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

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

COURSE LEVEL

Advanced

PREREQUISITES

Basic knowledge of business taxation.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

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

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

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.

PRICING

$399.00 - Nonmember

$299.00 - 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