Description:
Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This e-book furthers the knowledge of tax professionals who already have a basic understanding of partnership taxation.
Table of Contents.
Intermediate Partnerships covers:
- Understanding the different types of partnerships
- Recognizing tax basis partner capital accounts
- Identifying limited partners for purposes of self-employment tax
- The important tax rules regarding special allocations for partnerships
- Summarizing important rules regarding guaranteed payments
- Identifying when a §754 election can be performed
- Calculating basis adjustments required by a §754 election
- Preparing Form 8308, Report of a Sale or Exchange of Certain Partnership Interests
- Identifying disguised sales
- Preparing Form 1065 when one partner leaves a two-partner partnership
- Preparing Form 1065 when a partner terminates an interest
Product Details:
Level: Intermediate level
Author: NATP Staff
Publisher: NATP
Publication Date: 2020
Format: Electronic - 208 Pages
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Corresponding CPE Courses:
Get this e-book FREE when you purchase the corresponding course below.
Intermediate Partnerships Self-Study Course
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