Partnership Taxation: Section 751 Hot Assets Self-Study Webinar (1.5 Hours)

IRC Section 751 (Hot Assets) was enacted to prevent the conversion of ordinary income into a capital gain to obtain a lower tax rate.

In a disposition, sale or exchange of all or part of a partnership, these rules can make an enormous difference in tax liability unless they are handled properly.

This self-study webinar will focus on application of rules under Section 751 (Hot Assets) and will include a discussion of Hot Assets and the reporting requirements, as well as how to make the necessary computations.
 

AGENDA HIGHLIGHTS

•  Application of the rules

•  Definition of Hot Assets

•  Identification and treatment of Hot Assets

•  Tax treatment in Section 751

•  Section 751 transaction and reporting requirements
 

LEARNING OBJECTIVE  To teach tax professionals how to apply the rules under Section 751 (Hot Assets), handle the reporting
requirements and do the necessary computations.

PREREQUISITE  Basic knowledge of federal taxation.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Intermediate.
NASBA FIELD OF STUDY  Taxes.    DELIVERY METHOD  Self-Study.