Taxation of Ptrshp. Distributions & Sales of Interests Webcast [PDS4]
Time: 12:30pm - 4:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $155.00
Non-member: $225.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on August 26, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Taxation of Partnership Distributions & Sales of Partnership Interests Webcast (PDS4)August 27th, 2024 / 12:30 pm 4:00 pm
Live Webcast / Zoom
This program focuses on two parts of Subchapter K, partnership distributions and sales of partnership interests topics that tax practitioners are often asked about by clients. Tax practitioners are called upon to advise both the partnership which makes distributions and the partners receiving the distributions regarding the tax consequences of these transactions. Additionally, tax practitioners will be deeply involved in decisions regarding the sale and purchase of a partnership interest. These topics are thoroughly covered in this program. The presenters also discuss several types of partnership distributions and the tax rules relating to them, as well as analyze the tax rules relating to the sale of a partnership interest. Tax practitioners will be given an in-depth analysis of these complex topics, so that they can effectively answer their clients questions.
Major Topics:
- Types of partnership distributions
- Liquidating partnership distributions
- Basis of property distributed by a partnership
- Special basis adjustments under Section 732(d)
- Abandoned and worthless partnership interests
- Section 751(a) exchange
- Transactions between partners and their partnerships
- Disguised sales
- Section 736(a) and (b) payments
Learning Objectives:
- Be familiar with the complex issues related to partnership distributions and sales
- Advise individual and business clients regarding these practice issues
Designed For: Accounting and finance professionals seeking to gain a deeper understanding of partnership distributions/sales
CPE Credits: 4, Taxation
Level of Knowledge: Intermediate
Prerequisite: Basic understanding of individual and business taxation
Acronym: PDS4
Discussion Leader: Susan Smith, CPA
