Surgent’s Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales (ACL4) (SSTX04/19)

Loading Events

Event Description

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

Designed For

CPAs with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies

Objectives

  • Identify the limitations on an investor’s ability to deduct LLC losses
  • 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

Major Subjects

  • Partnership losses: when are they deductible?
  • Death or retirement of a member or partner — Understanding the alternatives
  • Continuation and termination in the context of a merger or acquisition
  • Sales of an LLC interest — holding period and hot asset issues

Prerequisites

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

Instructions

When you purchase a Surgent CPE on-demand course, it must be taken by June 30, 2019, to receive credit.
Within 5 minutes after your purchase, you will receive an email from info@surgent.com that explains how to access your course and materials.
Once you complete a course, please allow up to 30 days to receive you certificate of completion.
If you have further questions, please email info@surgent.com or call 800.778-7436. Their help lines are staffed Monday-Friday from 8:30 am to 5 pm Eastern Time.