6/20/2024
8:00 AM - 11:30 AM Central

Register

Member:	$159.00
Non-Member:	$179.00

4 Credits

Webinars

This program is an in-depth analysis of the Section 754 election and the two adjustments associated with the election under Section 743(b) and Section 734(b). The 754 election is a highly technical provision that provides great tax benefits to the owners of the partnership, and particularly in the case of Section 743(b), a new partner. In this webinar, our expert panel will cover the most common questions encountered by practitioners in their daily practices. The program includes a number of examples that provide insights into the mechanics of the two adjustments that follow upon a Section 754 election.

Objectives:

• Be familiar with the practical issues surrounding Section 754 and its application
• Effectively advise clients on these complex issues

Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Ian Redpath, J.D., LLM
Edward Renn, Esq.
Lance Weiss, CPA, CVA

Field of Study:
Taxes (4)

Major Topics:

• How does a partner compute his or her basis in a partnership?
• What is the difference between a partner’s inside and outside basis?
• What is the difference between a partner’s capital account and partner’s outside basis?
• How does Section 732(d) impact the buyer of a partnership interest?
• How does a partnership report a Section 754 election on the partnership’s tax return?
• How does a partnership make a Section 754 election?
• How does a partnership make a Section 743(b) adjustment?
• How does a partnership make a Section 734(b) adjustment?
• How is a Section 743(b) adjustment or Section 734(b) adjustment allocated to the assets of a partnership?
• How is a Section 743(b) adjustment allocated within the class of ordinary income property and capital gain property?

Webinar

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6/20/2024

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