Prepare more complicated partnership returns
Understand certain advanced concepts of partnership taxation
Surgent McCoy CPE, LLC More With This Vendor
Experienced CPAs desiring a comprehensive case approach to understand reasonably complex limited liability company issues and problems; also, CPAs who want a comprehensive, intermediate-level limited liability company practice manual
Experience in business taxation
Applicable coverage of recent tax acts and any new legislation enacted before presentation
When to use "704(b) basis" for capital accounts versus "tax basis"
Detailed rules of 704 for preventing the shifting of tax consequences among partners or members
Unreasonable uses of the traditional & curative allocation methods
Multiple layers of 704(c) allocations
Business situations & partnerships that qualify; others that do not
Treatment of recourse versus nonrecourse debt basis
How to calculate basis limitations and its implication on each partner's own tax return
How 179 limitations affect partnership/LLC basis
Regulations for handling basis step-ups under 754 elections, and mandatory adjustments under 743 and 734 for partnerships who have NOT made the 754 election
Subsequent contributions of property with 754 adjusted basis to another partnership or corporation
Capital account adjustments in connection with admission of new member
Special allocations require "substantial economic effect"; what are the requirements?
LLCs and self-employment tax to the members
Distributions -- current or liquidating, cash or property including the substituted basis rule
Termination/liquidation of an LLC
Is there a "flexible standard of law" regarding closely held entities?