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Tuesday, November 26, 2024 Live Webcast

Top Ten Questions from Partnership Clients Regarding the Section 754 Election (X1-T754-2024-01-WEBNR-331-01)

1:00 PM - 4:30 PM EST
webcast

Vendor Platform

4 CPE Credits in TX

OVERVIEW

This program is an in-depth analysis of the Section 754 election and the two adjustments associated with the election under Section 743(b) and Section 734(b). The 754 election is a highly technical provision that provides great tax benefits to the owners of the partnership, and particularly in the case of Section 743(b), a new partner. In this webinar, our expert panel will cover the most common questions encountered by practitioners in their daily practices. The program includes a number of examples that provide insights into the mechanics of the two adjustments that follow upon a Section 754 election.

DESIGNED FOR

Accounting and financial professionals seeking to fortify their Section 754 knowledge base

BENEFITS

  • Be familiar with the practical issues surrounding Section 754 and its application
  • Effectively advise clients on these complex issues

HIGHLIGHTS

  • How does a partner compute his or her basis in a partnership?
  • What is the difference between a partner’s inside and outside basis?
  • What is the difference between a partner’s capital account and partner’s outside basis?
  • How does Section 732(d) impact the buyer of a partnership interest?
  • How does a partnership report a Section 754 election on the partnership’s tax return?
  • How does a partnership make a Section 754 election?
  • How does a partnership make a Section 743(b) adjustment?
  • How does a partnership make a Section 734(b) adjustment?
  • How is a Section 743(b) adjustment or Section 734(b) adjustment allocated to the assets of a partnership?
  • How is a Section 743(b) adjustment allocated within the class of ordinary income property and capital gain property?

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 November 26 at 12:30 PM.

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COURSE DEVELOPER

Surgent