Crucial Partnership Tax Strategies: Buying or Selling a Partnership Interest and Reducing Phantom Income WEBINAR

Monday, August 17 2:00pm - 4:00pm PDT

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2 Credits

Member Price $100.00

Non-Member Price $120.00

Overview

Learn successful tax planning strategies for purchasing a partnership interest and selling a partnership interest.  Greg White and George Koutelieris also will cover considerations in drafting a “mandatory tax distributions” provision so that your clients don’t end up with “phantom income.” Plus, learn about tax strategies for minimizing gain when forming a partnership. 

Highlights

• What business arrangements constitute a partnership for federal tax purposes and why is it crucial to understand this.
• Partnership basis rules: Using the “liability netting” rules to avoid gain on the formation of a new partnership.
• Reduce the chances that your client will end up with “phantom income.” 
• Picking the best Section 704(c) allocation method for your client. 
• Computing bonus depreciation on partnership step-ups under Section 743.
• Qualifying for a Section 199A deduction when your client sells their partnership interest

Prerequisites

None

Designed For

CPAs

Objectives

  1. Learn to protect your clients from phantom income based upon a mandatory tax distributions provision.                                                                                                                                                                                                                                                                                                                             2. Identify which income qualifies for the Section 199A QBID when selling a partnership interest.

Preparation

None

This event is part of the following bundles:

Leader(s):

Leaders

George Koutelieris

4.90 stars out of 5 - speaker rating for 2019 for George Koutelieris and Gregory White

“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.

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Gregory White

4.90 stars out of 5 - speaker rating for 2019 for Gregory White and George Koutelieris
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is a founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, which serves a successful entrepreneurial client base. Greg is in his 10th year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he has taught Taxation of Property, Tax Accounting and Individual Taxation. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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Non-Member Price $120.00

Member Price $100.00