Partnership Property Distributions and the New Form 7217
1.00 Credits
Member Price $59
Non-Member Price $79
Overview
This program will address the complex rules for partnership distribution of property with a focus on liquidating of a partner's interest, Section 751 and how to complete the new Form 7217.
Highlights
- Property distributions in liquidation of a partner's interest
- Section 751 and its impact on property distributions from a partnership
- Mechanics of completing Form 7217 - new for 2024
- The Section 754 election and its role in partnership property distributions
Prerequisites
Basic working knowledge of individual and business taxation
Designed For
CPAs and members in industry seeking an in-depth review of partnership property distributions
Objectives
- Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
- Identify and recall key compliance issues
- Identify and recall significant issues in the Form 7217
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steven C. Dilley, CPA, JD, PhD, is president of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a professor of accounting at Michigan State University, where he teaches tax accounting and has recently received two teaching awards. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, the American Accounting Association, AICPA, American Tax Association and Hawaii Association of Public Accountants.
Non-Member Price $79
Member Price $59