Surgent's Partnership & LLC Core Tax Issues From Formation Through Liquidation

Overview

As staff members gain more experience, they are expected to take on more complex assignments with minimal supervision. This course is designed to be a stepping stone for staff interested in pursuing more advanced partnership & LLC issues than mere preparation. The material provides a deep life-cycle study into critical areas of formation, special allocations of income & deductions, basis calculations & implications of recourse & nonrecourse debt, basis step-up under 754 on transfers of ownership interest, distributions, self-employment tax issues & termination & liquidations of an LLC. With a blend of legal & tax ramifications regarding LLC-specific issues, this course identifies all the major areas that are potential sources of increased complexity.