Section 754 Elections: Theory & Practice (MLTN18A)


  Pre Recorded Webinar
  120 minutes
   Fri, November 30, 2018



Learn to Calculate the 753(b) Basis Adjustment—and Report it Accurately

Making the 754 election is one thing, but actually calculating the 743(b) basis adjustment and properly reporting it on Partnership Form 1065 is another. If you are in the midst of handling partners, partnerships, and property distributions to partners, then nailing the election—which allows you to adjust the basis of partnership property—is absolutely critical.

Learn how with tax expert Vicki L. Mulak, EA, CFP®. In this live webinar, she runs you through the details of making a 754 election. Plus, she’ll explain partnerships and LLCs and show you how to equalize the buyer’s basis when property is distributed or when partnership interest is transferred.

After attending, you’ll be able to recognize scenarios that are suitable for the Section 754 election and calculate the basis adjustments as needed. You will know how to prepare partnership returns when the partnership will be making or has already made a Section 754 election. You will also understand how a Section 754 election affects basis in partnership property and distributions of property to partners.

LLCs get a lot of scrutiny from the IRS—learn how to make a valid 754 election and take advantage of its features.

Session Highlights

Join this webinar to:

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

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Faculty

Vicki L. Mulak is an Enrolled Agent and Certified Financial Planner (CFP) and owner of American Financial and Tax, a tax preparation, planning and representation firm, which was founded in Tustin, California in 1985, when Vicki became both a resident and a business owner.

Vicki is a well-k... More info

 


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