Dates:
To be Announced

Time:
8:00 a.m. - 5:00 p.m.

Location:
TU Campus

Fee: *

$875 per person

Early online registration 10 days prior to program start date:  $825 per person

Call for Group Rates

*subject to change for future programs

 
Download Current Brochure

Partnership Taxation Seminar
Co-sponsored by the TU College of Law

Recommended:  16 CPEs
Texas State Board of Accountancy:  Sponsor #009418

One key to a successful partnership is the understanding of the tax implications from the formation of a partnership to the decision to liquidate. This intense two-day course covers key tax issues related to the day-to-day operations, transactions between partners and the partnership and allocations distributions and liquidation of the partnership.

Course Objectives

Participants will understand treatment of partnerships and partners, including the tax implications relating to:

• Election as a joint venture or to remain a tax partnership.

• Tax free contribution of property to a partnership, basis of contributed property and how partnership liabilities affect a partner’s basis.

• Partner services in exchange for a partnership interest.

• Issues dealing with filing a partnership tax return.

• Partnership allocation of tax items and calculation of partners’ capital account balances per Sec. 704(b) regulations.

• Gains and losses from contributed property allocations to satisfy Sec. 704(c).

• Guaranteed payments to partners and the partnership.

• Gains and losses on the sale of a partnership interest and adjustment of basis of partnership’s property when a Sec. 754 election is in effect.

• Operating distributions of partnership property to partners and gains and losses from disproportionate distributions of hot assets.

• Liquidating payments into (1) income payments and (2) property payments and the tax effects of each.

Click here for detailed outline

Who Should Attend: Internal corporate and external accountants, CPAs, analysts, auditors, attorneys and partners working with corporate partnerships will benefit from this basic partnership taxation course.

Instructor:
Patrick Hennessee is a Professor of Accounting at The University of Tulsa and has been teaching partnership and corporate taxation for several years.  He has been recognized twice as the Outstanding Accounting Educator in Oklahoma and he has published articles in a variety of academic journals and professional publications.  

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