Partnership Taxation: Level II Webinar
Overview
Designed for leading-edge tax practitioners, this NASBA-accredited CPE webinar provides the sophisticated knowledge you'll need to become an expert in federal tax planning for partners and partnerships. You'll:
- Gain an understanding of the 704(b) and (c) regulations
- Understand the interplay of tax allocations and the economics of the partnership agreement
- Explore partner's share of partnership liabilities
- Analyze the impact of the latest tax changes
This webinar qualifies for 8 CPE Credits in NASBA’s Tax Field of Study and for IRS Continuing Education Credit.
Objective
To give CPAs, tax accountants and finance professionals the special knowledge and skills to deal with advanced partnership tax topics and special problems ranging from allocations to complex transactions between the partner and partnership. Participants will analyze the regulations by working through actual examples and reviewing partnership agreements.
Emphasis
- Impact of recent developments on partners and partnerships
- The Section 199A qualified business income deduction
- Proper language in partnership agreements for profit and loss allocations
- Analysis of Sections 704 and 752
- Dissecting and reconstructing the partners' capital account
- Partnership distributions and partner's basis for distributed property
- Deficit makeup provisions
- Identification and treatment of "hot assets"
- Disguised sales, including reporting requirements
- Payments to retiring partners or successors of deceased partners
- Anti-abuse regulations
- At-Risk Rules under Section 465
- Partnership and LLC issues and K-1s
Speakers
Marjorie Belliotti, Tax Manager, Maillie LLP
Marjorie Belliotti, CGMA, CPA, has over 35 years of experience in both public and private accounting, tax and business process improvement. She currently serves as a Tax Manager for Maillie LLP. A published author, she has developed and taught a variety of tax courses. Ms. Belliotti has expertise in a broad spectrum of US direct and indirect tax areas. Her previous experience includes Manager Income Tax Accounting and Compliance at Sunoco, Inc. and senior level positions at Air Products and Chemicals, Fujirebio Diagnostics, Inc. (FDI) and KPMG. She is proficient in spreadsheet development and has an extensive background in federal and multistate tax compliance and planning. As a public accountant, Ms. Belliotti served a diverse mix of clients in the retail, manufacturing, personal service and construction industries.
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