Tax Planning Strategies for Partnerships (Completed)

Date: Monday, March 18, 2019
Instructor: Greg White
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join Greg White, CPA, as he walks through the latest techniques for optimizing tax planning for partnerships. We’ll cover reducing self-employment taxes to LLC members, how to allocate losses to LLC members, how to minimize taxes when a partnership interest is sold, how to maximize the §199A QBI deduction in the partnership context. We’ll also discuss how utilizing §179 expense in a partnership can maximize the value of these deductions to partners.

Who Should Attend
CPAs, EAs, tax staff and those who have some experience with tax preparation.

Topics Covered

  • Techniques for optimizing tax planning for partnerships
  • Reduce self-employment taxes to LLC members
  • How to allocate losses to LLC members
  • How to minimize taxes when a partnership interest is sold
  • How to maximize the §199A QBI deduction in the partnership context
  • Utilize §179 expense in a partnership can maximize the value of these deductions to partners

Learning Objectives

  • Differentiate when LLC members aren't subject to self-employment tax
  • Identify how to allocate losses to LLC members (including circumstances where members have "negative" capital accounts)
  • Recognize and apply techniques for reducing tax on the sale of a partnership interest
  • Describe strategies to increase the §199A deductions for partners
  • Recognize how to leverage §179 deductions in the partnership context

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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