Section 754 Elections on Form 1065: Making Valid Elections, Seeking Relief For Missed or Invalid Elections
Mastering the Mechanics of Election Statements, Schedule K-1, Section 301.9100 Relief, and More
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will provide tax advisers and compliance professionals with a thorough, practical guide to the mechanics of reporting a Section 754 election on a partnership's Form 1065 return. The panel will discuss making the election and will detail available relief in instances where a partnership fails to make a timely election.
Outline
- Reporting timely Section 754 election
- Automatic relief for missed or non-timely elections under Section 301.9100-2
- Discretionary relief under Section 301.9100-3
- Remedies for correcting defective or invalid elections after the filing year
- Revocation of a Section 754 election
Benefits
The panel will discuss these and other important topics:
- Documentation that must accompany a Section 754 election on a Form 1065 tax return
- Who must sign a Section 754 election?
- A partnership's Section 754 election absent notice from a transferee partner
- Steps for claiming automatic relief under Section 9100
- Seeking Section 9100 discretionary relief
Faculty
Pamela A. Fuller, JD, LLM
Senior International Tax Counsel
Zahn Law Group
Ms. Fuller’s practice has a triple focus: tax planning, tax controversies, and tax compliance. She advises a wide... | Read More
Ms. Fuller’s practice has a triple focus: tax planning, tax controversies, and tax compliance. She advises a wide range of clients–including private and public companies, joint ventures, funds, high-net-worth individuals, C-Suite executives, and government entities–on transactional, investment, and supply-chain strategies to achieve optimal tax and business results. Ms. Fuller advises clients on both purely domestic transactions and transnational ones, helping both U.S.-based companies and foreign companies (and their executives) achieve the best possible results from a tax and business perspective. Ms. Fuller is Chair of the ABA’s Tax Section’s Tax Policy Committee, and also Co-Chair of the International Tax Committee of the ABA’s worldwide International Law Section. She frequently speaks at law conferences, and publishes papers on international tax topics in peer-reviewed law journals.
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Heath Standorf, CPA
Senior Manager of Tax Services
Berkowitz Pollack Brant
With nearly 15 years of experience, Mr. Standorf offers tax compliance and consulting services to high-net-worth... | Read More
With nearly 15 years of experience, Mr. Standorf offers tax compliance and consulting services to high-net-worth individuals, families, and real estate clients. His areas of focus include federal and state tax compliance, financial and estate planning, income tax planning and consulting, like-kind exchange planning and reporting, rental real estate and development, residential and commercial development, and trust, gift, and family partnership tax planning.
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Live Webinar & CPE Processing
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