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OnDemand Course

Selected Partnership Tax Issues

Learn about the tax advantages and disadvantages on the formation of partnerships to better advise your clients.

Limited liability companies are the fastest growing form of business organization. Modern reforms of state general partnership and limited partnership statutes likely will lead to growth in these forms, as well. Partnership taxation applies to all these forms (absent certain elections) and can be very effective in allowing businesses to operate tax efficiently. Through this live webinar you will learn the key tax rules which make partnership taxed organizations so useful. This will enable you to understand tax provisions, give appropriate advice to clients, and discuss issues with your clients' other advisors.

Runtime: 106 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Getting Into a Partnership Taxed Organization

  • Why Use a Partnership Taxed Organization?
  • When Do Partnership Tax Rules Apply?
  • Anti-Abuse Rules
  • Tax Aspects of Contributions

Tax Issues in Operating a Partnership Taxed Organization

  • Service Partner Treatment
  • Partnership Income and Tax Determinations
  • Partners' Shares Allocations and Capital Accounts

Getting Value out of the Partnership Taxed Organization

  • Distributions
  • Liquidations
  • Sales
  • Elective Basis Adjustment
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 8, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Langdon T. Owen, Jr.

Langdon T. Owen, Jr.

Cohne Kinghorn P.C.

  • Member of the law firm of Cohne Kinghorn, pc in Salt Lake City, Utah, www.cohnekinghorn.com
  • Transactional lawyer who practices in the areas of estate and tax planning, business and commercial transactions involving both corporate and partnership taxed enterprises (including tax, employment, and benefit issues relating to such transactions), loans and creditors' workouts, pension and profit sharing plans, health care law, charities and nonprofit organizations, probate, and real estate
  • Published several articles in Utah and nationally, most recently on limited liability companies and tax matters relating to real estate transactions; spoken to a variety of bar, accounting, and business and professional groups on a number of tax and estate planning and business related legal issues
  • Chair of the Utah State Bar Section of Estate Planning, 2013 to 2014; named business lawyer of the year by the Business Law Section of the Utah Bar, 2014; member of the American Bar Association, sections of real property probate and trusts, business law, tax law, and health law; American Health Lawyers Association; American Arbitration Association; Wasatch Front American Inn of Transactional Counsel, president, 2014, board member, 2013
  • J.D. degree, University of Utah; B.A. degree, with great distinction, University of California, Berkeley; comment editor of the Utah Law Review
  • Can be contacted at 801-363-4300, fax 801-363-4378 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 394256
Published 2015
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