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, Please wait...
You must be logged in to perform this action.
Log in
Cancel
Partnership Basics: Understanding Tax Basis
Taxation Section
Credit(s):
2 Legal Specialization in Taxation Law
2 Participatory MCLE Credits
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
CLA Member Price
Standard
Non-Member
$90.00
Non-CLA Member Price
Standard
Non-Member
$130.00
Customers Who Bought This Item Also Bought
(OnDemand) The Tax Cuts and Jobs Act – What Every Attorney Should Know
(OnDemand) Partnership Basics: Liquidation, Redemption and Distribution Transactions
(OnDemand) Property Taxes: Pitfalls, Practical Solutions, & Advising Clients on Pros & Cons of Proposition 19
(OnDemand) 2023 Workers' Comp Done In A Day — Ethics Case Law Update
(OnDemand) U.S. Income Taxation of Foreign Trusts
(OnDemand) Nonresident Aliens: Federal and California Tax Residency Highlights and Planning Strategies
(CLEtoGo (Podcasts)) U.S. Taxation of Foreign Investment in U.S. Real Estate
(OnDemand) Solo & Small Firm Summit: Don’t Pay These Taxes: Personal Liability Follows!
(CLEtoGo (Podcasts)) California and Delaware Law Annual Update
(OnDemand) Powers of Attorney – Myths, Management and Litigation
(CLEtoGo (Podcasts)) Partnership Basics: Liquidation, Redemption and Distribution Transactions
(CLEtoGo (Podcasts)) The Reappearing Trial: How to use technology to bring jury trials to life with in the age of COVID-19
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.
Adding Registration, Please wait...
