EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS. 

This advanced course examines the federal tax consequences of business dissolutions, ownership changes, and related restructuring transactions involving partnerships, S corporations, and closely held businesses. Using a cradle-to-grave framework, the program addresses planning, execution, valuation, reporting, and post-transaction compliance issues arising in sales, redemptions, liquidations, divorces, deaths, and internal restructurings. Participants will analyze inside and outside basis, debt basis, §754 adjustments, § 302 redemption tests, § 1041 transfers, F reorganizations, § 751 hot assets, and the treatment of goodwill and other § 197 intangibles. 
The course also incorporates practical guidance on NIIT, potential § 1202 considerations, final-year return procedures, and selected state tax issues that commonly affect business exits and ownership transitions.

Learning Objectives
• Distinguish the tax treatment of business exits and ownership changes for partnerships, S corporations, and shareholders or partners at both the entity and owner levels.
• Compute and reconcile inside basis, outside basis, and S corporation stock and debt basis in liquidation, sale, redemption, and restructuring contexts.
• Determine when partnership distributions and liquidations qualify for nonrecognition treatment and when gain or loss must be recognized.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

 A course evaluation form is provided for your feedback. Participants have 1 year from the date of purchase/enrollment to complete this course. 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/