Partnership Taxation – Mini

Price: $19.99

CPE Credits: 2.0

Category: , ,

Course Number: TXPARDS

partnership tax cpe

Description:
The mini-course will examine tax issues relating to the formation and operation of partnerships. Participants will gain a familiarity with basic areas of partnership taxation so as to recognize a problem and have at hand some practical knowledge for its solution.  Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Danny C. Santucci

Publication: February 2015
Update: March 2018

Format: PDF
Pages: 80

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  1. Recognize the tax treatment of partnerships noting advantages and disadvantages and their affect on income attribution.
  2. Determine partnership income and reporting requirements by:
  3. Identifying filing requirements and the impact partnership K-1’s on individual or partner taxation; and
  4. Specifying loss deduction limitations and stating the tax treatment of guaranteed payments, organizational expenses and other fees.
  5. Identify the tax treatment of contributions of property to a partnership under §721 and the impact on tax basis.
  6. Recognize the tax treatment of partnership distributions and sale of partnership interests by:
  7. Identifying the tax treatment of partner liabilities and of sales and exchanges of partnership interests and property; and
  8. Determining the differences between liquidating and nonliquidating payments including definition of a partner’s basis on such an event.

 

Description:
The mini-course will examine tax issues relating to the formation and operation of partnerships. Participants will gain a familiarity with basic areas of partnership taxation so as to recognize a problem and have at hand some practical knowledge for its solution.  Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Danny C. Santucci

Publication: February 2015
Update: March 2018

Format: PDF
Pages: 80

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  1. Recognize the tax treatment of partnerships noting advantages and disadvantages and their affect on income attribution.
  2. Determine partnership income and reporting requirements by:
  3. Identifying filing requirements and the impact partnership K-1’s on individual or partner taxation; and
  4. Specifying loss deduction limitations and stating the tax treatment of guaranteed payments, organizational expenses and other fees.
  5. Identify the tax treatment of contributions of property to a partnership under §721 and the impact on tax basis.
  6. Recognize the tax treatment of partnership distributions and sale of partnership interests by:
  7. Identifying the tax treatment of partner liabilities and of sales and exchanges of partnership interests and property; and
  8. Determining the differences between liquidating and nonliquidating payments including definition of a partner’s basis on such an event.

 

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