Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales WEBCAST
Overview
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.
Highlights
When are distributions taxable? Miscellaneous issues, including the critical difference between Schedule 736(a) and Schedule 736(b) payments. Sales of an LLC interest.
Prerequisites
A beginning course in LLCs/partnerships or experience with LLC/partnership clients.
Designed For
Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies.
Objectives
Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain. Discuss the tax consequences of a liquidation of a partner’s interest. Describe the options when a partnership terminates or continues following an acquisition or merger. Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Arthur Auerbach, AICPA Learning
Arthur Auerbach, CPA, is a sole practitioner specializing in planning for individuals and closely-held corporations. He is the former chairman of the Federal Taxation Committee of the District of Columbia Institute of CPAs and serves as a member of that committee. He was also a member of the Board of Governors of the District of Columbia Institute of CPAs. Auerbach was formerly an editor for the Research Institute of America and a tax partner for a large regional CPA firm. His 38 years of experience also includes a position as an adjunct assistant professor at Pace University in New York where he taught intermediate and cost accounting. He has written many articles and is co-author of several books. He holds a BBA from Pace University.
Non-Member Price $210.00
Member Price $185.00