Compass Tax Educators

You must complete this course by 12/31/26 to earn continuing education.

This is part two of a two course sequence on partnership taxation. In this course, we review how to compute the partnership outside basis based on the activities of the partnership. The tax consequences of dispositions of partnership interests are discussed. Various tax planning strategies for partnerships and their owners are outlined and how they apply in the partnership lifecycle.

Learning Objectives:

• Calculate a partner's basis in the partnership interest.

• Explain various ways a partner may dispose of a partnership interest.

• Calculate the tax consequences of disposing of a partnership interest.

• Describe ways a partner can minimize tax during the life of the partnership.
  
  

Education Information
IRS Program Number: NMVBP-T-00239-23-S
Credit hours: 2 NASBA CPE / 2 IRS CE
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)

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Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Learn more about our instructors here.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.