Partnership and S Corporation - Basis and Distribution Issues

Thursday, March 06, 2025
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits

Registration is Open

Members
$299.00 Regular Price
Non-Members
$399.00 Regular Price

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$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/9127889
Level: Intermediate
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

Basis is a fundamentally important issue when dealing with pass-through entities, as it impacts the equity holder's ability to deduct losses and/or receive distributions without a negative tax impact. As well, distributions from the different types of pass-through entities are subject to differences in treatment that can have a major impact on the tax liability of the client. This course will look at the rules on calculating basis, limitations on loss deductions (including at-risk rules), and the treatment of distributions.

Objectives:

• Understand inside and outside basis and gain/loss issues on formation • Perform calculation of basis based on annual activities of the pass-through entities • Understand how to structure distributions to avoid unpleasant, surprise tax liabilities

Designed For:

Practitioners who advise clients holding interests in pass-through entities and the pass-through entities themselves.

Prerequisites:

General tax knowledge