Limited Liability Companies: Losses, Liquidations, Terminations [ACL4]

Sep 19, 2022
Time: 08:30am-12:00pm



Credit Hours:



Member: $160.00
Non-member: $240.00

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Discussion Leader:

Susan Smith, CPA    more info

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

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Website registration for this course closes on September 18, 2022. To register after this date please contact the society at or 907-562-4334.

Full Description

Limited Liability Companies: Losses, Liquidations, Terminations, Continuations & Sales (ACL4)

September 19th, 2022 / 8:30 am 12:00 pm

Elgee Rehfeld, LLC
9309 Glacier Highway, Suite B-200
Juneau, AK

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

Major Topics:
- When are distributions taxable?
- Miscellaneous issues, including the critical difference between 736(a) and 736(b) payments
- Sales of an LLC interest -- holding period and hot asset issues

Learning Objectives:
- Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
- Discuss the tax consequences of a liquidation of a partners 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

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

CPE Credits: 4, Taxation

Level of Knowledge: Advanced

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

Acronym: ACL4

Discussion Leader: Susan Smith, CPA