October 18, 2023

Live Webcast

8 Total CPE Credits


Advanced Taxation LLCs & Partnerships – Tax Staff Essentials

  • Instructor

    Brian Greenstein

Learning Objectives

• Identify how to allocate income, gains, losses, and deductions among
partner/members to reflect their agreed-upon interests properly in
partnership or LLC economic activities.

• Determine the risks taken by investors with respect to their
investment in a partnership or LLC and allocate the entity’s liabilities

• Determine the consequences of selling a partnership or LLC interest.

• Calculate the basis of partnership or LLC following distributions of
multiple properties.

• Recognize how to plan for the effects of a distribution of multiple

• Identify how to make elections to protect partners and LLC members
from unwelcome future consequences arising from current
distributions, sales, and/or transfers of interests in the partnership.

Major Topics

• Allocation of partnership and LLC income under Section 704(b)

• Allocations with respect to contributed property

• Allocation of partnership recourse liabilities under Section 752

• Allocation of partnership nonrecourse liabilities and related
deductions under Sections 752 and 704(b)

• Advanced distribution rules

• Adjustments to the basis of partnership/LLC assets

• Sale of an interest in a partnership or LLC

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Practioners
  • Tax
  • Taxation


Basic knowledge of business

Advanced Preparation


Intended Audience

Managers and partners in public
accounting who assist clients
with tax planning for closely held
LLCs and partnerships



Register For This Event

  • MACPA Member

    $ 295 295
  • MACPA Non-Member

    $ 395 395
    Your Price

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