This program is an in-depth analysis of the Section 754 election and the two adjustments associated with the election under Section 743(b) and Section 734(b). The 754 election is a highly technical provision that provides great tax benefits to the owners of the partnership, and particularly in the case of Section 743(b), a new partner. This course covers the most common questions encountered by practitioners in their daily practices. The program includes a number of examples that provide insights into the mechanics of the two adjustments that follow upon a Section 754 election.

Event Level: Intermediate
Who Should Attend: Accounting and financial professionals seeking to fortify their Section 754 knowledge base
Required Knowledge: A basic understanding of the tax rules impacting individuals and pass-through entities
Advanced Preparation: A basic understanding of the tax rules impacting individuals and pass-through entities
Vendor: Surgent
Speaker: Frost, Michael A.