Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures, & Other Strategic Alliances 2012

1 May 2012
8:30 AM - 11:45 AM (UTC-06:00)
Chicago, Illinois

Steve Owen will be presenting, Partnership Interest Basis Issues Including Allocating Liabilities Among Partners.

Relevance of basis in partnership interest; equality of inside and outside basis; Sections 705 and 752; partnership interest distinguished from partner’s capital account; effects of contributions; effects of liabilities; effects of Peracchi; effects of income and loss; effects of distributions; ordering and timing rules; allocation schemes for recourse and nonrecourse liabilities; bottom-dollar guarantees; capital account deficit restoration obligations; capital contribution obligations; final regulations for DREs; contingent liabilities and ”Son of Boss“ regulations; recent Notices.

Event details and registration