Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales
Overview
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.
Highlights
- When are distributions taxable? Miscellaneous issues, including the critical difference between Schedule 736(a) and Schedule 736(b) payments.
- Sales of an LLC interest -- holding period and hot asset issues.
Prerequisites
A beginning course in LLCs/partnerships; experience with LLC/partnership clients .
Designed For
Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies
Objectives
After attending this presentation participants will be able to . . .
- Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain.
- Discuss the tax consequences of a liquidation of a partner’s interest.
- Describe the options when a partnership terminates or continues following an acquisition or merger.
- Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
Leader(s):
Leader Bios
Arthur Auerbach, Surgent McCoy Self Study
Arthur Auerbach is an independent tax consultant specializing in tax consulting and estate and financial planning for individuals and closely-held businesses located in Atlanta, Georgia. He is a member of the Georgia and Virginia state societies and a past member of the Individual Tax Resource Panel. He has also served as an advisor to the District of Columbia Office of Tax and Revenue and on the Tax Commissioners Advisory Group in Virginia.
Non-Member Price $210.00
Member Price $185.00