CPE Course Surgent's Liquidation of Flow-Through Entities for LLCs and Partnerships (LFTE)

October 31, 2017

10:00AM — 12:00PM

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Taxation

Field of Interest

Level Intermediate

Designed For

Any tax practitioner who wishes to understand the rules regarding S corporation and partnership liquidations

2.00 credits

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Objective

  • Determine the gain or loss to the entity and to the owners when it makes a liquidating distribution
  • Determine the basis of property distributed in a liquidating distribution to an owner of the entity
  • Know what to do in terms of IRS reporting when an entity liquidates

Highlights

  • Tax rules governing liquidation of a  partnership or S corporation
  • Tax treatment of the shareholder/partner/member receiving a liquidating distribution in an S corporation liquidation/partnership liquidation
  • Tax impact on the pass-through entity when the entity is liquidated
  • Receipt of corporate liabilities in an S corporation distribution
  • Proportionate, liquidating partnership distributions to partners, and gains and losses to a partner on a liquidating partnership distribution
  • Tax issues associated with a partnership distribution of noncash properties in a liquidation
  • Compliance requirements on the occasion of a liquidation of a corporation or a partnership

Instructors

Prerequisites

Basic understanding of the tax rules impacting individuals and pass-through entities

Developer

Surgent McCoy CPE, LLC

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