Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales
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Virtual
4.00 Credits
Member Price $219.00
Non-Member Price $309.00
Overview
You could pay $0 for this course!
This course qualifies for EA/IRS and CFP credit. If you need EA/IRS credit, please contact Tyler Dion (tdion@masscpas.org) after you have registered and provide him your PTIN number.
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.
This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-12960. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
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
Prerequisites
A beginning course in LLCs/partnerships; experience with LLC/partnership clients
Designed For
Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies
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
Preparation
None
Leader(s):
Leader Bios
William Taylor, Surgent McCoy CPE LLC
William (Bill) F. Taylor, CPA, is president of Renasant Bank in Water Valley, Mississippi and an employee benefit adviser for Renasant Financial Services. He has been an employee benefit and investment consultant for more than 20 years, beginning his career as the employee benefits coordinator in the Jackson office of KPMG Peat Marwick, and managing his own firm for 10 of those years.
Taylor is a nationally known consultant and speaker who has conducted seminars for the American Society of Pension Professionals and Actuaries, more than 40 state CPA and Bar associations, and other organizations. He is a two-time recipient of the AICPA’s Outstanding Discussion Leader award. Taylor is the author of several books and his articles have appeared in numerous publications. He graduated from the University of Mississippi with a B.B.A. in Banking and Finance and a Master of Accountancy in Taxation.
Non-Member Price $309.00
Member Price $219.00