Compass Tax Educators

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

Length: 100 minutes plus optional question-and-answer session (no 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 Law Topics/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

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Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.