Tax Strategies for Partnerships Part 2: Operating Issues (Completed)

Date: Wednesday, May 19, 2021
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Grouping Passive Activities, Admitting New Partners, Redeeming Existing Partners, Allocating Basis on Step-ups, Partner Bad Debts, Bonus Depreciation, and §179

Join expert Greg White, CPA, as he discusses tax strategies for admitting new partners and redeeming existing partners’ interest with the least tax impact. We’ll cover tax planning ideas to optimize the use of §179 expensing and bonus depreciation. And we’ll take a deep dive into partner bad debts and unreimbursed expenses.

Topics Covered

  • Planning techniques for admitting new partners and redeeming existing partners
  • Taking advantage of §734 step-ups
  • At-risk rules applied to LLCs
  • Passive activities: Should you be grouping at the partnership level?

Learning Objectives

  • Recognize and apply advanced planning techniques to minimize taxes in redemptions and other partner buyouts
  • Identify tax planning strategies to reduce partner-level taxes using strategic timing for §179 expense and bonus depreciation

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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