Special Topics In Partnership And LLC Taxation | 4193127E


Date :
December 3, 2019 8:30 AM - 4:30 PM
Location :
Palm Springs CE Week
Facility :
Omni Rancho Las Palmas Resort
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Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 8.00, MCLE 6.50, IRS-TX 8.00, CTEC-TX 8.00
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Tax practitioners struggle to understand the rules of Subchapter K of the Internal Revenue Code and related Treasury Regulations. Complex rules offer both tax planning opportunities as well as traps. Join an in-depth analysis of key partnership tax issues with an emplasis on how they affect partnership structuring and the reporting of partnership results.

Materials are provided as an ebook.


  • Identify fundamental tax planning opportunities and risks related to partnership contributions and distributions.
  • Recall the rules for testing partnership allocations under the partner's interest in the partnership test versus the substantial economic effect regulations.
  • Determine differences between partnership recourse and nonrecourse debt and the consequences of each.
  • Select the best method for making mandatory allocations relating to Section 704(c) property.
  • Determine how to apply the inside basis adjustment rules rules.

Major Subjects:

  • Partnership/LLC formations (IRC Sec. 721)
  • Income/loss allocations (IRC Sec. 704(b))
  • Allocations related to property with a tax-book difference (IRC Sec. 704(c))
  • Partnership/LLC distributions (IRC Secs. 731-732)
  • Partner's tax basis and the impact of debt (IRC Sec. 752)
  • Inside basis adjustments (IRC Sec. 754)

Advanced Prep:


Misc. Information:

Wireless Internet access, lunch and discounted parking will be provided for this event and are included in your registration fee.

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Level of Difficulty:
Field of Interest:

Three years of relevant experience or an understanding partnership and LLC taxation.

Designed For:

CPAs, attorneys, tax practitioners and financial professionals.


Michael Vinson, Esq.
Michael Vinson recently retired from the Golden Gate University Bruce F. Braden School of Taxation. He had been a full time Professor and Director of its International Tax Certificate Program. His focus was international and partnership taxation. He continues to teach as a Visiting Professor at the UC Davis School of Law. Michael received his JD from Hastings College of the Law and his LL.M. in Taxation from New York University School of Law. Prior to teaching full-time, he worked in the tax departments of major US multinational corporation, focusing on corporate tax, international tax and tax controversy resolution. He was Tax Counsel at Apple Computer, Inc., Director of Tax at Altera Corporation, and ultimately Vice President of Tax at Hyperion Solutions before focusing on teaching.


  • Materials - Hardcopy Textbook
  • Materials - ebook