Web Events

Tax Fundamentals of LLCs and Partnerships

DeliveryType:  Video Webcast
    Select Date & Time:
  • $249.00-$319.00
    Tax Fundamentals of LLCs and Partnerships 09:00 am - 05:00 pm ET Product #: VTFLP010
    Add to Calendar 07/25/2017 09:00:00 07/25/2017 17:00:00 America/New_York AICPA Webcast: Tax Fundamentals of LLCs and Partnerships
    This webcast provides participants with a foundation of tax principles and rules applicable to flow through entities under IRC section subchapter K.
    Register at http://www.aicpastore.com//PRD~PC-VTFLP/PC-VTFLP.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $249.00
    Non-Member: $319.00

Acquire the basic skills you need to prepare income tax returns for LLCs and Partnerships. This webcast helps you identify the information required from the accounting system and the questions to ask of managers or business owners. This webcast provides participants with a foundation of tax principles and rules applicable to flow through entities under IRC section subchapter K.

Topics Discussed

  • Formation and the Check-the-Box rules
  • Profit and loss allocation
  • Effect of liabilities
  • Contributions and distributions
  • Reporting taxable income

Learning Objectives

When you complete this course you will be able to:

  •  Recognize differences among the various types of partnerships and an LLC
  • Describe how partnerships and LLCs opting to be treated as partnerships will report their federal taxable income to the IRS
  • Determine the tax basis of assets transferred to a partnership or LLC at formation
  • Explain the tax consequences and liabilities to a partnership/LLC of property transfers
  • Distinguish between distributions and compensatory payments to partners and recognize tax consequences of each type of payment
  • Apply the at-risk and passive activity loss limitations to pass-through losses from partnerships and LLCs

Important Information on Your CPE Credit

Included in:Annual Webcast Pass

Get year-round unrestricted access to this and more than 500 webcasts featuring top experts, regulators and agency representatives discussing topics of importance to you. Learn more...

Speaker Bio

J. William Harden, Ph.D., CPA, ChFC
University of NC Greensboro / Greensboro, NC

Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and ethics. Bill has over twenty years of experience in taxation. He began his public accounting career in 1990 in the Dallas office of one of the Big Six accounting firms. In addition to his university teaching, Bill consults on tax and financial planning issues and maintains a sole practice in North Carolina, focusing on taxation and financial consulting for small businesses and individuals.

Bill has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002. Bill has been involved in CPE instruction for over a decade. He was the author of the AICPA’s tax update courses from 2007 through 2012 and received AICPA instructor awards in 2011, 2012 and 2013. Bill also received NCACPA outstanding instructor awards in 2009, 2010 and 2011.

Bill has authored over 30 publications in tax accounting and financial planning journals, including the Journal of Financial Service Professionals, Strategic Finance, National Tax Journal, Journal of Business Finance and Accounting, Tax Notes, Tax Advisor, Journal of the American Society of CLU and ChFC. Mr. Harden is currently a member of the American Accounting Association, the American Taxation Association, the National Tax Association, the AICPA, and the North Carolina Association of CPAs. He is a past board member of the Piedmont Chapter of the NCACPA.

System Requirements