Self-Study

Surgent's LLCs & Partnerships - Distributions Under IRC Section 731 (DVDS)

  • Wednesday, January 29, 2020 – Friday, April 30, 2021

  • 2
    CREDITS
    Taxes

Tax practitioners should know and be able to apply the rules that govern partnership distributions and disguised sales conducted through a partnership. Unless the tax professional is able to tell when the disguised-sale rules trump the general partnership distribution rules, the tax practitioner might be led to give wrong advice regarding the taxability or nontaxability of a particular distribution. This program covers the general partnership distribution rules for both current and liquidating distributions, and then explores the circumstances where the so called "disguised sale" rules apply to make an otherwise nontaxable partnership distribution taxable.

Objectives

  • Recognize when a partnership distribution is subject to the disguised sale rules
  • Understand the tax treatment of cash and non-cash distributions by a partnership to a partner

Highlights

  • Taxation of current and liquidating partnership distributions
  • Tax treatment of cash distributions from a partnership to a partner
  • Tax treatment of non-cash property distributions  by a partnership
  • When a partner recognizes gain or loss resulting from a partnership distribution
  • Disguised sale rules as they apply to partnership distributions

Additional Information

Designed For

Any tax practitioner who wishes to understand the tax rules relating to partnership distributions; any tax practitioner wishing to be updated with how to differentiate between a partnership distribution and a disguised sale

Vendor

Surgent

Advanced Preparation

None

Credits

2.00 Taxes

Prerequisite

General background in the taxation of partnership income taxation

Course Number

2024126

Level of Knowledge

Advanced

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