Partnership Seminar

This two-day seminar reviews partnership taxation or an LLC taxed as a partnership. This is a good review of partnership taxation for those who prepare partnership returns or for those who want to want to understand more about partnerships and haven't filled out many partnership forms. Instructors will be Carol Wright and Trish Ugorowski.

Topics Day 1:

  • Reporting Schedule K-1 items

  • Partnership formation

  • Partner's basis

  • Depreciating contributed property

  • Allocation of partnership items

  • Assignment of income

  • Partnership/partner transactions

Topics Day 2:

  • Sale of a partnership interest

  • Partnership distributions

  • Payments to retiring partner

  • §734(b) basis adjustments

  • Death of a partner

  • Partnership termination

  • New audit rules

  • Other issues

We will distribute the book, Partnership Income Taxation by Lyons and Repetti. Our power point slides with examples and short problems will be in a 3-ring binder. We will review web and published resources and current rulings and cases. This seminar offers 16 hours CE.

Instruction is from 8:30 am to 4:30 pm. Morning and afternoon refreshments as well as lunch are included.

Registration fee is $280 if payment is received by October 8, 2017. After that, the price increases to $300.

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