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OnDemand Course

Current Issues in Joint Venture Taxation

Discover key income tax issues covering the life of a joint venture.

Upon viewing this material you will have learned the tax considerations when creating, operating and terminating joint ventures, including special tax issues in a real estate joint venture or when a joint venturer is a tax exempt organization. This information will cover key income tax issues covering the life of a joint venture including: What are the tax considerations when determining the type of joint venture entity to establish? What are the special tax issues when one of the parties to a joint venture is a tax exempt organization? What are the special tax considerations in real estate joint ventures? What tax concerns should be addressed at the outset of the joint venture to minimize a parties' tax liability when the venture is terminated?

89 minutes
Certificate of Completion
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Why Lorman?

Over 34 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

Organizing the Joint Venture

  • Choice of Entity for the Joint Venture
  • Income Tax Considerations Related to the Formation of the Joint Venture
  • Impact of Changes Made by Tax Cuts and Jobs Act of 2017 Including Business Interest Expense Limitation, Pass-Through Deduction Under Section 199A, Limitation on Deduction of State and Local Income Taxes and Business Loss Deduction Limitations
  • New Partnership Tax Audit Rules

Operating the Joint Venture

  • Matters Involving Partnership Tax Allocations and Distributions
  • Matters Involving Corporate Joint Ventures

Special Considerations

  • Joint Ventures Involving Tax-Exempt Entities
  • Real Estate Joint Ventures
  • Other Joint Ventures

Terminating the Joint Venture

  • Winding Down
  • Additional Tax Planning Strategies
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Why Lorman?

Over 34 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on July 16, 2019.

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

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

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Why Lorman?

Over 34 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

Jeffrey B. Fugal

Jeffrey B. Fugal

Quarles & Brady LLP

  • Partner with the law firm of Quarles & Brady LLP
  • Practice focuses on corporate, limited liability company and partnership law and transactional tax planning for businesses in connection with business formations, restructurings, recapitalizations, joint ventures, mergers and acquisitions, real estate ventures and private equity investment transactions
  • Frequent lecturer on various limited liability company, corporate, partnership and federal income tax topics
  • Member of the American Bar Association and the Arizona Bar Association
  • Former chair of the Arizona State Bar’s Tax Section
  • J.D. degree, Indiana University; LL.M. degree in taxation, University of Denver; B.A. degree, Brigham Young University
Patricia A. Hintz

Patricia A. Hintz

Quarles & Brady LLP

  • Partner with Quarles & Brady LLP
  • Practices primarily in the areas of taxation and tax-exempt organizations
  • Listed in Best Lawyers in America
  • Certified public accountant and was awarded the Elijah Watts Sells Award for achieving one of the top scores on the national CPA Exam
  • Member of the State Bar of Wisconsin, past chair of the State Bar’s Taxation Section, secretary/treasurer of the Milwaukee Bar Association
  • Member of the American Bar Association and the Wisconsin Institute of Certified Public Accountants
  • J.D. degree, magna cum laude and Order of the Coif, University of Wisconsin, served as an editor of the Wisconsin Law Review; M.A. degree in taxation, University of Wisconsin-Milwaukee; B.A. degree in accounting, magna cum laude, Marquette University
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Why Lorman?

Over 34 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.

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Product ID: 405894
Published 2019
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