Cutting-Edge Tax Strategies for Entities Taxed as Prtsh. Webcast [PART]

Oct 29, 2020
Time: 8:30am - 4:00pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

Greg White, CPA    more info

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his tenth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he teaches Capital Assets, Tax Accounting and Individual Taxation. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine.

Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV, King TV, and Northwest Cable News. He is frequently in contact with Treasury, IRS and other top government officials in Washington, D.C. as to late breaking guidance from the government and has been involved in making recommendations to them to help practically shape federal tax legislation and administrative guidance.

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Website registration for this course closes on October 28, 2020. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Cutting-Edge Tax Strategies for Entities Taxed as Partnerships Webcast (Updated for TCJA!) (PART)

October 29th, 2020
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

We'll cover important planning strategies and have some fun along the way. In this course, we'll cover practical topics, including:
- Using liability netting to minimize gain on the formation of a partnership,
- Admitting new partners with minimal tax consequences,
- Redeeming partners interest using tax minimization strategies,
- Minimizing self-employment taxes for LLC members,
- Allocating income and loss to partners in difficult circumstances, and
- Maximizing the section 199A QBID for partnerships.

Major Topics & Learning Objectives:
- Considerations at the formation of a partnership.
- Admitting new partners with no tax to the new partner, and an exit strategy for departing partners.
- Identify planning strategies to maximize partnership section 199A deductions.
- Deducting payments for redemption of a partnership interest (service partnerships).
- Compute the allocation of losses to LLC members whose capital accounts have been reduced to zero.
- Identify circumstances where the partnership works better than an S corp and when it doesnt.
- Identify partnerships that can elect out of the new partnership audit regime (CPAR), and more importantly, when they should elect out.
-Determine when partnerships should group passive activities and the entity level, and when they shouldnt.

Designed For: CPAs and accounting professionals

CPE Credits: 8, Taxation

Level of Knowledge: Intermediate

Prerequisite: None

Acronym: PART

Discussion Leader: Greg White, CPA