$58.00 – $78.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction Partnership Tax Guide
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Taxes
Course Description
The Partnership Tax Guide online self-study CPE course is an invaluable resource tailored for tax, accounting, and finance professionals, focusing on the critical aspects of partnership taxation. This comprehensive CPE course covers a wide range of topics, including the creation, operation, and liquidation of partnerships, ensuring a holistic understanding. By participating in this course, you will benefit from an in-depth exploration of fundamental partnership concepts, the intricacies of basis, and the nuances of partnership interest sales. The course also sheds light on partnership terminations, income and expenses, disguised sales, and anti-abuse rules. Each of these topics is presented in a clear, compact manner, allowing for easy comprehension and application. Upon completion, you’ll be equipped with the skills to recognize partner requirements, discern tax rules for contributions, and apply the economic substance doctrine effectively. Your ability to determine the tax outcomes of various partnership bases, navigate the complexities of partnership interest sales, make strategic partnership elections, and tackle tax issues related to partnership expenses will be significantly enhanced. This self-study CPE course doesn’t just teach; it empowers you with practical tools and knowledge to excel in your professional field, ensuring you stay ahead in the rapidly evolving world of partnership taxation.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the requirements for the partners in a partnership.
- Identify the tax rules pertaining to contributions to a partnership.
- Specify how the economic substance doctrine applies to partnerships.
- Recognize the tax implications of the various types of basis in a partnership.
- State the tax outcomes associated with the sale of a partnership interest.
- Specify the partnership elections that can impact the reported amount of taxable income.
- Identify the tax issues pertaining to the expenses that a partnership may recognize.
- Recognize the circumstances in which the revaluation of partnership assets would be appropriate.
Course Specifics
SS824365845
January 8, 2024
There are no prerequisites.
None
49
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02414-24-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1982
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
