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
Recording of a 110-minute CPE webinar with Q&A
This course 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.
- 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
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
Pamela A. Fuller, Esq.
Counsel (Tax, M&A, International)
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.Close
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.Close
Access Anytime, Anywhere
CPE credit is not available on downloads.