June 27th Partnership Tax Seminar

This year, back by popular demand, we are offering a virtual Partnership Tax Seminar. This session is suited for attendees of all experience levels and will cover a range of topics that will assist in providing client value.

• On-line Seminar: June 27, 2024 (9FRDE-T-00049-24-O)
• CE Credits: This year’s Cornell Partnership Tax Seminar will provide 6 CE credits. (New York State Continuing Education Sponsor License ID# 000663)
• Instructors: Joseph Baldwin E.A., MST and Dario Arezzo, J.D., LL.M, CFP®.

Topics Covered:

• The complexity of applying a hybrid of flow-through and entity concepts to various partnership transactions, including 1031 exchanges
• Built-in gains, disguised sales, and mixing bowl transaction pitfalls to be aware of
• Differences between profits interests and capital interests and what this means for clients
• Distributions, guaranteed payments, and draws
• The differences between recourse and non-recourse debt, the loss limitation issues, and how to allocate appropriately
• Reviewing the K-1, including boxes K-2 and K-3
• The sale and redemption of a partnership interest and the differences between them
• The impact of I.R.C. 751 “hot assets” on the sale or redemption of a partnership interest
• Partnership tax pitfalls, including related party transactions
• Gifting of a partnership interest
• Utilizing the LLC as a life insurance tool
• Estate planning techniques involving partnerships and LLCs

Seminar Fee:

• The fee for the 2024 Partnership Tax Seminar is $270.
• Registration until May 22nd will be at the early bird pricing of $205.
• All attendees will be provided a digital copy of the partnership tax materials.

For any questions, please reach out to taxschools@cornell.edu.

We look forward to seeing you soon!

Dario Arezzo Director of Cornell Income Tax Conferences