Partnership Dispositions 1 Credit
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Navigating the complexities of partnership dispositions and asset transfers can be daunting for many professionals. Understanding these nuances, from managing new basis calculations to handling 751(b) reporting, is essential for accurate financial reporting and compliance.
In this webinar, we will delve into the critical aspects of partnership asset transfers, including how to properly report the basis adjustments and the impact of 751(a) and 351 on various transactions. We’ll explore real-world scenarios and examples to illustrate the implications of these transactions on both partners and the partnership as a whole. This course will examine the basics of partnership distributions and abandonments. First, we will understand abandonments and their tax treatment. Then, we will explore the basics of a partnership disposition.
Key topics covered:
Join this CE Course, which will cover complex dispositions involving ordinary assets under IRC 751(a) and (b). We will also discuss the reporting required under 751(a) and (b) and the disposition of PTP interests.
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Advance Preparation
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
AW
This is an excellent seminar and is one that I'll refer back to in the future when dealing with Partnership Dispositions.
AW
This is an excellent seminar and is one that I'll refer back to in the future when dealing with Partnership Dispositions.
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