Mastering IRS Form 7217: Partnership Property Distributions

CPE Credit:

Overview

Description:

The IRS recently released the new Form 7217 for 2024, designed for a partner to report distributions of property received from a partnership. This course dives into the complexity of the partnership distribution rules and their application to the new form, as well as discuss liquidating a partner’s interest, Section 751 and the Section 754 election. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Field of Study:

Taxes (1.0 CPE)

Instructor

Instructor:

Steven C. Dilley, CPA, JD, PhD

Additional Details

Who should attend:

CPAs and members in industry seeking an in-depth review of partnership property distributions.

Program Level:

Intermediate

Program Content:

The major topics that will be covered in this course include:

Property distributions in liquidation of a partner’s interest
Section 751 and its impact on property distributions from a partnership
Mechanics of completing Form 7217 – new for 2024
The Section 754 election and its role in partnership property distributions

Learning Objectives:

After attending this presentation, you will be able to…

Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
Identify and recall key compliance issues
Identify and recall significant issues in the Form 7217

Prerequisites:

Basic working knowledge of individual and business taxation.

Advanced Preparation:

None

Developed By:

Federal Tax Workshops, Inc

Format:

Group-Internet-Based

Course Code:

FTSDMIF1

Registration:

$55.00

Attendee Information

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