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Friday, September 27, 2024 Live Webcast

Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales (E2409182)

9:00 AM - 12:30 PM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

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.

This course features a live instructor and has been specifically designed for the NJCPA.

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

INSTRUCTOR

John Kilroy

John Kilroy, CPA, CFP

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

PRICING

$199.00 - Member

$274.00 - Nonmember

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Note: Online pre-registration will close on September 27 at 8:30 AM.

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