ABCS-W02
ABCs of LLCs

Best Value! Buy a webinar package and save
-- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.

Date/Time: Thursday, November 29, 2012, 1-3 p.m. Eastern (see all dates)

Presenter(s): Karen Davis, EA, MBA, Ph.D., Lance Weiss, CPA, CVA

This program is a basic introduction to the lifecycle of a limited liability company that is treated as a partnership from a tax perspective. Every tax practitioner needs to know how LLCs work from a tax perspective--from formation to liquidation--because so many taxpayers either choose to use the LLC framework, or at least consider it when setting up their business. This program will give you a solid foundation in the basic tax rules that regulate LLCs from birth to death.

Major Topics:

Formation of an LLC
Taxation of LLC operations and K-1 allocations to members
LLC liquidating and nonliquidating cash and property distributions
How member basis is determined initially and adjusted over the life of the business
How member basis and the at-risk and passive activity loss rules work in terms of regulating the losses members can take

Learning Objectives:

Understand the tax rules surrounding the formation of an LLC
Discuss LLC liquidating and nonliquidating cash and property distributions
Identify how basis is initially determined and then adjusted over the life of the business

Designed For: Any tax practitioner who advise clients regarding choice of entity issues or who has LLCs or LLC members as clients

Course Level: Intermediate

CPE Credits: 2, Taxes

Prerequisite: Basic understanding of the tax rules impacting individuals

Advance Preparation: None

ABCS-W02 ABCs of LLCs

Best Value! Buy a webinar package and save -- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.

ABCS-W02
ABCs of LLCs

Best Value! Buy a webinar package and save
-- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.