NSTP's Introduction To Limited Liability Companies
And Partnership Taxation Self Study Course

ATTENTION FLORIDA CPAs!

CPE credits are not valid for any CPA that resides in the state of Florida.

This course is recommended for CPA's, CFP's, Accountants, Tax Practitioners, Lawyers and Enrolled Agents with basic knowledge of tax accounting.

This course is not NASBA approved.

Program Announcement

This course introduces the tax professional to the rules and procedures that are required for assisting taxpayers in the selection process of determining the applicability of the Limited Liability Company as their "entity of choice." The tax professional will be introduced to the unique workings and terminology needed to understand the LLC transactions. Review of the advantages and pitfalls will be discussed. The course discusses the challenging issues of determining basis calculating the taxation of distributions to members and issues of debt.

Advance preparation is not required.

The course provides for 8 hours of continuing education credits.

Course Level

The course level stress introduction for the developing tax professional who wants to advance to the type of knowledge that will enable them to prepare entity level returns and consult on more complicated ownership strategies. The course is recommended as an introduction to the LLC/Partnership for the seasoned and developing tax professional.

Course Level: Medium to Advanced.

The LLC and Partnership self study include topics addressing:

	Tax Planning Issues of the Owners of an LLC/Partnership
	Terminology used in Working With an LLC/Partnership
	Formation Issues
	Comparison and Contrast to Other Entities
	Review of the IRS's "Check the Box" Regulations
	Advantages and Disadvantages of an LLC/Partnership
	Converting to an LLC
	Taxation of an LLC and It's Members
	Self Employment Taxes
	Combined Characteristics of Other Entities
	Capital Formation
	Non Tax Factors
	Disposition Ownership Interest
	Characteristics of LLC Debt
	Much, Much More