Partnership Tax and Disguised Sales
Navigating Section 707 to Determine Classification of Partners' Contributions and Distributions
Recording of a 110-minute CPE webinar with Q&A
The course 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.
- Analysis of IRC Section 707(a)(2), 704(c)(1)(B), 737 or 751(b)
- Transactions likely to be problematic or permissible for tax purposes
- Issues of importance to return preparers
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.
She works primarily with closely held businesses and their owners on personalized tax savings strategies, technical... | Read More
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.Close
Belan K. Wagner
Wagner Kirkman Blaine Klomparens & Youmans
Mr. Wagner has over 35 years of in-depth experience in business, taxation, tax planning and controversy resolution,... | Read More
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.Close