Course Number: |
0212016 |
Course Title: |
Jennings-TaxSpeaker LLCs In Depth |
Description: |
This LLC/partnership discussion includes organizational income tax elections and definitions and then moves to a completed example Form 1065. We discuss converting an LLC to an S corporation and provide an example election. We then move to operating issues of an LLC such as guaranteed payments, tax-free formation, partner self-employment tax issues, basis, ownership transfers and the sale of a partnership interest. Several case studies illustrate, with tax forms, the effects of a “walk-away” partner as well as the 754 step-up basis election. An in-depth discussion of equity accounts is provided along with detailed analysis of debt basis. We conclude with example cases on step-up basis and dissolution. |
Speaker: |
Jennings-TaxSpeaker Seminars
|
Knowledge Level: |
Basic |
Sponsor: |
PSTAP - Buxmont Chapter |
Date: |
10/19/2016 |
Number of Days: |
1 |
Location: |
Trevose, Radisson Hotel Philadelphia Northeast |
Address: |
2400 Old Lincoln Highway 1/4 Mile South of PA Turnpike Interchange 351 Trevose, PA 19053 |
CPE Credits: |
8 Credits Tax (Federal)
|
Host Chapter(s): |
Buxmont |
Meal: |
Day 1 Choices Meat
Fish
(Veg. option)
Vegetarian
|
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