0       0

ENGAGE 2017


TAX17101 - Tax Provisions in Partnership Agreements: A Reading Comprehension Exercise 


Jun 12, 2017 8:00am ‐ Jun 12, 2017 11:30am

Standard: $79.00

Description

This workshop will analyze selected language in publicly available partnership agreements dealing with important partnership tax issues. The discussion will examine the underlying tax reasons for the language, consider alternative approaches, and identify potential conflicts between partners that the wording may be designed to mitigate. Helpful tax provisions in partner buy-sell agreements, and redemption agreements, will also be evaluated.

Tax issues discussed will include agreement language addressing:

  • Methods of allocation pursuant to section 704(c)
  • Service partners and profits-only interests.
  • Section 754 election strategies.
  • Allocating income and losses per section 704(b).
  • Capital accounts and target allocations.
  • Method of accounting for variations during the tax year.
  • Retirement of a partner
  • New partnership audit rules.

Attendees will understand the significance of partnership agreement language addressing tax issues involving: formation, operation, distributions, and liquidations.

Speaker(s):

  • Gary R. McBride, CPA, LL.M. (Taxation), Emeritus Professor, California State University, East Bay

You must be logged in and own this session in order to post comments.

Print Certificate
Review Answers
Print Transcript
Completed on: token-completed_on
Review Answers
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content