ALLC
ADVANCED TAX ISSUES FOR LIMITED LIABILITY COMPANIES AND LIMITED LIABILITY
PARTNERSHIPS
Now accepted for CFP®, CLU, and ChFC continuing education credit!
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs. The focus is to analyze the unresolved issues of these emerging business forms.
Major topics include:
- The great tax nothing: Single-member limited liability companies
- How the IRS views members or partners for Social Security purposes
- Debt issues and problems in structuring LLCs and LLPs, including loan guarantee issues, recourse and nonrecourse debt, and the at-risk basis rules
- Death or retirement of a member or partner -- Understanding the alternatives
- Step-up in basis issues -- How to make the computations and elections
- Property transactions between the LLC/LLP and its members or partners -- Inbound and outbound transactions
- Compensation planning -- Use of guaranteed payments, distributive shares and Keogh plans
- Sales of an LLC Interest - holding period, and hot asset issues
Designed for: CPAs with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies.
Level of knowledge: Advanced
Field of study: Taxation
Please note:
This
course is included as part of the Tax Management
of Business Operations in the Surgent McCoy CPE, LLC Integrated
Tax Curricula for CPAs in Public Accounting
 |
 |
 |
 |
