This program will provide you with a practical guide to tax consequences of selling or exchanging partnership or Limited Liability Company interests. Although these transactions are commonplace, they have complex tax consequences for both the partnership or LLC and their owners. If you have fiduciary responsibility for the administration of these interests, understanding the tax outcomes of selling or exchanging these interests is essential to making prudent financial decisions. Among other topics, this program will cover disguised sales of LLC/partnership interests, constructive terminations of partnerships, and the alternative of LLC/partnership distributions to sales.
Tax consequences to entity and owners in LLC/partnership sales and exchanges
Partnership distributions as alternative to sales and exchanges
Disguised sales of LLC/partnership interests
Constructive terminations and their adverse tax consequences
Issuance of an interest in a disregarded entity
The Institute of Certified Bankers This program received the following breakdown of continuing education credit, CTFA: 1.25 TAX: 1.25 To obtain continuing education credits, ICB members should submit their credits electronically at http://www.icbmembers.org.
Each price provides online access for 12 months after purchase.