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: 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
Noel Brock
Partner, Partnership Technical Tax Practice Leader
George E. Spaeth
Managing Director, Washington National Tax
Brian Knudson
Partner
John D. Currivan
Partner
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:
George E. Spaeth, Managing Director, Washington National Tax
KPMG LLP
- Remedial methods, building off earlier examples.
SEGMENT 3:
Brian Knudson, Partner
Ernst & Young, 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
- CPAs
- Accountants
- Corporate tax Executives
- Tax Advisors/Consultants
- Tax Attorneys
- Senior Corporate Executives
- Tax Compliance Officers
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