Partnership Capital Accounts: Level I Out of Stock
Partnership Capital Accounts Series: Allocation, Distributions, Taxation, and More!
Quantity
April 2011
Partnership Capital Accounts: Level 1 - CD Homestudy
Partnership Capital Accounts Series: Allocations, Distributions, Taxation, and More!
Program Highlights
Bring New Expertise to solving your partnership capital account problems:
- Partnership Set-up and Accounting Basics
- How to Draft Allocation Provisions
- How to Draft Distribution Provisions
- How to Read a Partnership Balance Sheet
- Differences Between Cash and Property Contributions
- What You Need to Know About Internal Revenue Code Section 704(c)
- Differences Between Recourse and Non-recourse Debt
… and much more!
Program Description
Join expert tax and business law attorney Eric J. Zinn for this informative series of three morning programs as he leads you straight to the answers to your basic, intermediate, and advanced questions on partnership capital accounts.
Eric J. Zinn is Tax Counsel at Krendl, Krendl, Sachnoff & Way, PC. He represents clients in matters involving corporate, individual, and partnership taxation, state and local taxation, and corporate mergers, acquisitions and finance. Mr. Zinn is active in the Tax Section of the Colorado Bar Association and is a frequent lecturer on topics including the proper choice of legal entity for the operation of a business enterprise, drafting operating agreements for limited liability
Topics
Partnerships and Capital Accounts: Level I
- Setting up the partnership
- Introduction to partnership accounting
- What is a capital account?
- What is an “allocation”?
- What is a “distribution”?
- What is a balance sheet?
- What does a balance sheet tell you?
- Newly created partnership and early years of operation
- Contributing cash to the partnership versus contributing property to the partnership
- Introduction to IRC Section 704(c)
- Drafting allocation provisions - basic skills
- Drafting distribution provisions - basic skills
- The difference between partnership assets and owners' equity
- How profits and losses are allocated
Information on Level II and III
Parntership and Capital Accounts: Level II
Topics:
- What is recourse debt?
- What is non-recourse debt?
- How debt is reflected on the balance sheet
- How debt affects your capital account and basis
- Drafting allocation provisions - intermediate skills
- Drafting distribution provisions - intermediate skills
Parntership and Capital Accounts: Level III
Topics:
- How to draft language to address non-recourse debt
- Drafting allocation provisions - advanced skills
- Drafting distribution provisions - advanced skills
- Understanding minimum gain chargebacks
- Understanding non-recourse deductions
- Understanding gross income allocation provisions
- Understanding targeted capital accounts
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $159.00 USD
- Member Price $129.00 USD
- General Credits 3.00
- Ethics Credits
- EDI Credits