Webinar: Top Ten Questions from Partnership Clients Regarding the Section 754 Election
WS123 | Course | Intermediate | Scheduled
Description
This program is an in-depth analysis of the Section 754 election and the two adjustments associated with the election under Section 743(b) and Section
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
Designed For
Accounting and financial professionals seeking to fortify their Section 754 knowledge base
Prerequisites
A basic understanding of the tax rules impacting individuals and pass-through entities
Highlights
- How does a partner compute his or her basis in a partnership?
- What is the difference between a partner’s inside and outside basis?
- What is the difference between a partner’s capital account and partner’s outside basis?
- How does Section 732(d) impact the buyer of a partnership interest?
- How does a partnership report a Section 754 election on the partnership’s tax return?
- How does a partnership make a Section 754 election?
- How does a partnership make a Section 743(b) adjustment?
- How does a partnership make a Section 734(b) adjustment?
- How is a Section 743(b) adjustment or Section 734(b) adjustment allocated to the assets of a partnership?
- How is a Section 743(b) adjustment allocated within the class of ordinary income property and capital gain property?
Objectives
- Be familiar with the practical issues surrounding Section 754 and its application
- Effectively advise clients on these complex issues
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $159.00
- Non-Member (Early Bird)
- $159.00
- Member
- $159.00
- Non-Member
- $159.00