Table of Contents.
Description:
Ideal for those who already have a basic understanding of partnership taxation. You’ll learn the different types of partnership operations, such as limited partnerships or limited liability companies, and review the form of business that can alter a partner's taxation. Various elections made at the partnership level that serve as planning tools for preparing returns will also be reviewed.
Intermediate Partnerships covers:
- Differentiating between the different types of partnerships.
- Recognizing tax basis capital accounts.
- The important tax rules regarding special tax allocations.
- Summarizing important rules regarding guaranteed payments.
- Identifying a §754 election.
- Calculating basis adjustments required by a §754 election.
- Identifying disguised sales.
- Preparing Form 1065 when one partner leaves a two-partner partnership.
- Identifying limited liability partners for purposes of self-employment tax.
- Preparing Form 8308.
- Preparing Form 1065 when a partner terminates an interest.
Product Details:
Level: Intermediate level
Author: NATP Staff
Publisher: NATP
Publication Date: 2019
Format: Electronic
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Intermediate Partnerships Self-Study Course
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