Customer Service: 800-778-7436     

To access your product click the Log In link at the top right of the screen. Once inside your account, you will be able to access your Packages, Self-Study Product, and Webinar Registrations.

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales (ACL4)

  • Format Self-Study Download
  • Credits 4.00
  • Level Advanced
  • Field of Study Taxes (Technical) (4)

Overview

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.



Major Topics:

  • When are distributions taxable?
  • Miscellaneous issues, including the critical difference between §736(a) and §736(b) payments
  • Sales of an LLC interest -- holding period and hot asset issues
  • Tax Cuts and Jobs Act of 2017 partnership and LLC provisions, including latest updates on §199A as it shakes itself out

Learning Objectives:

  • Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
  • Discuss the tax consequences of a liquidation of a partner’s interest
  • Describe the options when a partnership terminates or continues following an acquisition or merger 
  • Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
  • All four of the above bullet points offer options; the practitioner must understand the various tax consequences of the options

Who should take this course:

CPAs with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

None

Yes

No

No

QAS Approval Surgent IRS Approval Surgent CFP Approval Surgent CTEC Approval Surgent
CPE Webinars
CPE Webinars

Thank You!

Thank You! Your subscription has been submitted.