Tax Strategies for Partnerships Part 2: Operating Issues
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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.
Publication Date: May 2023
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
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
