Top 10 Tax Issues in Dealing with LLCs and Partnerships

• Pennsylvania Institute of Certified Public Accountants

Description:
Critical tax issues for partnerships and limited liability companies. Identify planning opportunities and pitfalls. Gain a more in depth understanding of LLC and partnership tax law.

Highlights:

* Dos and don'ts of self-employment tax
* Key issues and technical analysis in calculating basis
* Capital accounts: Book versus tax issues
* Special allocations: Flexibility and complexity
* Dealing with debt: Recourse, nonrecourse, qualified nonrecourse, and why it matters
* Retirement plan issues and options
* Distributions: Cash and property, liquidations versus operations
* Understanding the difference between guaranteed payments, distribution shares, and draws
* Basis step-ups
* Hot assets

Fee: $225 PICPA Members, $275 Non-Members