Surgent's Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales - Download

Start Date
Wednesday, May 1 2024

End Date
Wednesday, April 30 2025

Credit Hours
4.00

Fields of Study
Taxes

Type
Seminar

Level
Advanced

Member
$79.00

Non-Member
$99.00

Facility Location
Virtual Learning

Company
SELFS

Vendor
Surgent McCoy CPE, LLC

Status
Self Study

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Description

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

Designed For

Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies

Objectives

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

Major Subjects

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

Prerequisites

A beginning course in LLCs/partnerships; experience with LLC/partnership clients