Truth

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The main objective of Sec. 704(c) is to prevent members of a partnership (LLP) from moving tax consequences to different members when a property’s fair market value is not equal to its tax basis.

The only way to prevent costly errors and penalties is to ensure that you understand the provisions of Section 704(c). This LIVE webcast organized by The Knowledge Group will teach you how to ensure compliance with these best practices and how to head off potential partnership problems.

Reserve your space today by clicking the “Register” button below. Significant discounts will apply for early registration.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104015
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Truth and Consequences: Understanding Section 704(c) Demystified LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Noel Brock, Partner, Partnership Technical Tax Practice Leader,
Grant Thornton LLP

- The scene setter laying the background foundation, some simple, traditional examples.
- Disposition of an asset, transition to depreciating an asset, applying 704c principles to examples.

SEGMENT 2:


Brian J. Knudson, Partner ,
Ernst & Young LLP

- Remedial methods, building off earlier examples.

SEGMENT 3:


George E. Spaeth, Managing Director, Washington National Tax,
KPMG LLP

- More advanced topics: reverse 704c gains, mechanics of dealing with different layers, revaluations in context of 704c, 704c1c, without getting too complicated (?), 737, and other more complex issues
- Acknowledging the inherent uncertainties.

SEGMENT 4:


John D. Currivan, Partner ,
Jones Day

-704 (c)(1)(B)
- 737



Grant Thornton LLP
Noel Brock
Partner, Partnership Technical Tax Practice Leader
speaker bio »»

KPMG LLP
George E. Spaeth
Managing Director, Washington National Tax
speaker bio »»

Ernst & Young LLP
Brian J. Knudson
Partner
speaker bio »»

Jones Day
John D. Currivan
Partner
speaker bio »»

Who Should Attend?

- CPAs
- Accountants
- Corporate tax Executives
- Tax Advisors/Consultants
- Tax Attorneys
- Senior Corporate Executives
- Tax Compliance Officers

Why Attend?

This is a must attend event for corporate tax executives/advisors to hear and better understand the latest information surrounding Sec. 704(c).
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


 

 

 

 


Truth and Consequences: Understanding Section 704(c) Demystified
LIVE Webcast
Speaker Firms:








 

The Knowledge Group, LLC 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.