Surgent's The Top Five Tax Issues in Dealing with LLCs and Partnerships

Objectives:

• Identify and distinguish guaranteed payments and distributive shares
• Understand the relationship between capital account maintenance and outside basis adjustment
• Define various kinds of partnership liabilities and explain the tax consequences of each

Major Topics:

• Coverage of important provisions of The SECURE 2.0 Act and Inflation Reduction Act
• Self-employment tax issues: what you can and cannot do
• Capital accounts: book vs. tax issues
• Determining basis: key issues and technical analysis in calculating basis
• Dealing with debt: recourse, nonrecourse, and why it matters
• Guaranteed payments, distributive shares, and draws: understanding the difference

Designed For:

Accounting and Financial Professionals who wish to gain a more in-depth understanding of LLC and partnership tax law

Prerequisite:

A basic course in partnership theory or experience in tax compliance or planning for partnerships and LLCs

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.