Skip to main content
California Lawyers Association Logo
Visit cla Website
Browse by
Delivery Type browse by
  • Calendar
  • CLEtoGo (Podcasts) (2051)
  • Package (1)
  • Webcast (4)
  • Zoom Webinar (14)
  • OnDemand (2160)
  • Self Study Articles (137)
     
Hello, Guest
Sign in Browse By
  • Sign In
    New Customer? Start Here
  • Frequently Asked Questions
0
Cart
loading...
Event Date Search
   
Postal Code Search
   
Speaker Search
Credits Search
  • Home
  • »
  • Taxation 
  • »
  • Product Details
You must select a location to proceed.
Yes
No
There was a problem adding this course to your account. Please try again in a few minutes. If the problem persists, you can contact our support department at (877) 880-1335.
Adding Registration Loading Image Adding Registration, Please wait...
You must be logged in to perform this action.
Log in
Cancel
OnDemand

Partnership Basics: Understanding Tax Basis

Taxation Section
Credit(s): 2 Legal Specialization in Taxation Law
2 Participatory MCLE Credits
Course Number: TAX_01-28-21
Original Program Date: January 28, 2021
Duration: 1 hour 54 minutes
Access: Available for 3 months after Registration
Passport: This product is Passport Eligible 
  • Facebook
  • LinkedIn
  • X
  • E-Mail
    		•
    • Description
    • Sessions
    • Credits
    • Faculty
    • Materials
    • Reviews
    • Dates and Locations
    • Pricing
    Category: Taxation
    Category: Taxation (show less)
    Partnerships are an important part of United States tax administration and a major tax planning vehicle. This Webinar introduces tax issues and concepts for partnerships and is designed for both young and experienced tax professionals who need to remain sharp on partnership mechanics. 
     
    Covering both a partner’s tax basis in the partnership (or LLC) interest and the partnership’s tax basis in contributed property, the two basic sentences under the Internal Revenue Code are quickly altered by a complex other statutory provisions that control the determination of basis.

    Included coverage will be special assets (e.g., installment notes), the impact of the contribution (and assumption) of recourse and non-recourse indebtedness, and other events impacting tax basis, during the partnership’s lifecycle. 

    This program will include practical examples to demonstrate how these rules work. Time allowing, we will also go into holding periods of partnership interests, characterization of assets as ordinary or capital assets, the effect of Quality Opportunity Zone investment on basis and partnership mergers.

    Code Provisions covered may include Section 722, 723, 754, 755 and other code sections.
    2 Legal Specialization in Taxation Law  

    2 Participatory MCLE Credits

    Customers Who Bought This Item Also Bought

    Screen Cap
    (OnDemand)
    2019 Annual Meeting: What Every Non-Leasing Lawyer Needs to Know About Commercial Leasing
    Screen Cap
    (OnDemand)
    2019 California Tax Bar and California Tax Policy Conference: Alimony, Prenuptial Agreements and Trusts Under the 2017 Tax Act and What Every Practitioner Should Know About the Tax Impacts
    Screen Cap
    (OnDemand)
    Introduction to California SALT Practice
    Screen Cap
    (OnDemand)
    The Commercialization & Exploitation of Outer Space Legal and Ethical Questions Under International and National Laws
    Screen Cap
    (OnDemand)
    The Tax Cuts and Jobs Act – What Every Attorney Should Know
    Screen Cap
    (OnDemand)
    Best Practices for Non-Disclosure Agreements: Are You Using Them Correctly?
    Screen Cap
    (OnDemand)
    Business Law Recent Developments: Recent Developments in Federal and California Securities Laws
    Screen Cap
    (OnDemand)
    38th Annual Real Property Spring Conference: An In-Depth Analysis of Section 1031 and Its Many Myths
    Screen Cap
    (OnDemand)
    38th Annual Real Property Spring Conference: Negotiating Title Insurance Coverage in the Context of Real Life Transactions
    Screen Cap
    (OnDemand)
    38th Annual Real Property Spring Conference: Comparing the AIR and CAR Commercial Property Purchase and Sale Agreements
    Screen Cap
    (OnDemand)
    2019 CLA Annual Meeting - Recent Developments Affecting Partnership, Limited Liability Companies and Limited Partnerships
    Screen Cap
    (OnDemand)
    Solo & Small Firm Summit: Don’t Pay These Taxes: Personal Liability Follows!
    Screen Cap
    (OnDemand)
    2019 Annual Meeting: What Every Non-Leasing Lawyer Needs to Know About Commercial Leasing
    Screen Cap
    (OnDemand)
    2019 California Tax Bar and California Tax Policy Conference: Alimony, Prenuptial Agreements and Trusts Under the 2017 Tax Act and What Every Practitioner Should Know About the Tax Impacts
    Screen Cap
    (OnDemand)
    Introduction to California SALT Practice
    Screen Cap
    (OnDemand)
    The Commercialization & Exploitation of Outer Space Legal and Ethical Questions Under International and National Laws
    Screen Cap
    (OnDemand)
    The Tax Cuts and Jobs Act – What Every Attorney Should Know
    Screen Cap
    (OnDemand)
    Best Practices for Non-Disclosure Agreements: Are You Using Them Correctly?
    Screen Cap
    (OnDemand)
    Business Law Recent Developments: Recent Developments in Federal and California Securities Laws
    Screen Cap
    (OnDemand)
    38th Annual Real Property Spring Conference: An In-Depth Analysis of Section 1031 and Its Many Myths
    1
    2
    3
    PrevNext
    Stop

    Purchase Options

    Add to CartOnDemand
    $130.00
    Show all Prices
    We are committed to accessibility! All OnDemand programs after January 1, 2022 include closed captioning. To request closed captioning for a program older than January 1, 2022, send us a note at accessibility@calawyers.org or contact us at 916-516-1760 for assistance.
    Have a Question?
    See our FAQ's
    Privacy Policy     		Contact us at (877) 880-1335
    Email Us
    CCPA & GDPR