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Thursday, June 12, 2025 Live Webcast

Basis Shifting: Final Regulations (X1-BSR4-2025-01-WEBNR-163-01)

9:00 AM - 12:30 PM EDT
webcast

Vendor Platform

4 CPE Credits in TX

OVERVIEW

The Internal Revenue Service has targeted complex partnerships it believes are not in compliance with the tax law for audit. One of the abuses the IRS has attacked is transfers of interests in partnerships which result in an increase in the basis of a partner who is subject to a high marginal income tax rate.

DESIGNED FOR

Tax practitioners who will be advising clients who have an interest in a partnership that is impacted by the new final regulations on basis transfers from one related-party partner to another

BENEFITS

  • Understand the final regulations addressing basis shifting from one related party partner in a partnership to another

HIGHLIGHTS

  • What is a transaction of interest?
  • Reporting transactions of interest on Form 8886
  • Why make a Section 754 election?
  • Adjustments under Sections 743(b), 734(b), and 732
  • Applicable threshold amounts for reporting
  • What is a basis shift?
  • Who is a material advisor and why is that status important?
  • Section 755 rules for allocating the Section 743(b) and Section 734(b) basis adjustments
  • Transfers of a partnership interest on death
  • What is a substantially similar transaction?
  • Who is a “tax-indifferent” party in a partnership?

COURSE LEVEL

Intermediate

ADVANCE PREPARATION

None

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$149.00 - Member

$169.00 - Nonmember

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Note: Online pre-registration will close on June 12 at 8:30 AM.

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COURSE DEVELOPER

Surgent

AREAS OF INTEREST