Partnership Tax and Disguised Sales

Navigating Section 707 to Determine Classification of Partners' Contributions and Distributions

Recording of a 110-minute RTRP webinar with Q&A


Conducted on Wednesday, February 13, 2013
Recorded event now available


The webinar will increase tax return preparers' familiarity with issues involved in classifying partners’ contributions, distributions and other transactions as disguised sales. The panel will focus on the application of disguised sale rules and ways that an otherwise non-taxable distribution may be taxable.

Description

The issue of when a transaction between a partner and a partnership is subject to the disguised sale rules under Sections 707(a)(2), 704(c)(1)(B),737 or 751(b) can be fraught with confusion. For practitioners who deal with partnerships, these matters are critical.

Tax preparers must focus on the circumstances of the transaction, and determine whether the business deal may be viewed as a disguised sale, thereby triggering a taxable event.

Listen as our experienced panel reviews the rules and offers guidance affecting a tax return preparer's work related to disguised sales, contribution and distribution transactions between a partner and the partnership, the analyses used by the IRS and courts to deem business deals as disguised sales, and abusive situations triggering taxable events.

Outline

  1. Analysis of IRC Section 707(a)(2), 704(c)(1)(B), 737 or 751(b)
  2. Transactions likely to be problematic or permissible for tax purposes
  3. Issues of importance to return preparers

Benefits

The panel will review these and other key questions:

  • What are the key challenges for tax preparers as a result of contribution and distribution transactions between partners and the partnership?
  • What transactions are most likely to trigger disguised sale and anti-abuse rules—and result in taxable events?
  • How do the provisions of Section 707 distinguish between partnership-partner transactions that are taxable events and those that are not?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have new awareness of the rules and ways to assess which transactions are most likely to trigger disguised sale and anti-abuse rules, resulting in taxable events.

Faculty

Jesica Speer, Tax Manager
Grant Thornton, Chicago

She works primarily with closely held businesses and their owners on personalized tax savings strategies, technical issues with sales and divestitures, and other tax matters.

Belan Wagner, Managing Partner
Wagner Kirkman Blaine Klomparens & Youmans, Mather, Calif.

Mr. Wagner has over 35 years of in-depth experience in business, taxation, tax planning and controversy resolution, mergers and acquisitions, real estate, and estate planning. He provides direct representation to business owner clients, frequently structured as pass-through entities, and also acts as an expert resource to their primary attorneys, accountants and other representatives.

Ordering

RTRP Credit

Registered Return Tax Preparer (RTRP) credit hours

RTRP Processing $0.00


Recorded Event

Includes full event recording plus handouts (available after live webinar).

Note: Self-study CPE, RTRP, and EA credits are not offered on recorded events.

Recorded Webinar Download $49.00
Available three business days after the live event

How does this work?

Recorded Audio Download (MP3) $49.00
Available 24 hours after the live event

How does this work?

DVD (Slide Presentation with Audio) $49.00 plus $9.45 S&H
Available ten business days after the live event

CD (Audio with Slide PDFs) $49.00 plus $9.45 S&H
Available ten business days after the live event

Webinar

Strafford webinars/teleconferences offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program).  Please note that our webinars do not feature videos of the presenters.

NASBA CPE Sponsor

National Registry of CPE Sponsors

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Program Materials

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Program Materials

Requires Adobe Reader 8 or later. Download Acrobat FREE.

or call 1-800-926-7926

RTRP Credit

Strafford is an IRS approved continuing education provider and this course is approved for 2 tax return preparer credit hours (other federal tax law/federal tax related).

IRS Approved Continuing Education Provider

or call 1-800-926-7926

Customer Reviews

The program was well presented and kept my interest.

C. M. Clark-Radzieta

Catalano, Case, Catalano & Fannin

The program went into depth, and had me asking questions amongst my colleagues.

Danielle Weaver

Mikunda Cottrell & Co.

The webinar stayed on point and on topic. Plus, the speakers were understandable and provided practical solutions.

Kevin Barrett

Hawkins Company CPAs

The speakers were excellent and knew what they were talking about. They were able to explain the information clearly and in a way that was easily understandable.

Angela Valasunas

Ingleside Investors

I really appreciated the knowledge of the presenters.

Michael A. Campbell

Feenan Financial Group

or call 1-800-926-7926

Our Guarantee

Strafford webinars and teleconferences are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10.

or call 1-800-926-7926

CPE Credit

Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.