Tax Forum Self-Study Courses are Now Available!

Tax Forum's self-study programs, designed for seasoned tax professionals and up-and-comers alike, are developed to provide flow-through professionals with the perfect combination of conceptual overviews and examples needed to both understand the tax issues being presented and practical solutions for these issues.

Each program covers a critical flow-through tax planning topic:

(Click on the program name to learn more and to register.)

The §465 At-Risk Rules: Important Concepts - 3.0 CPE Credit Hours

The program begins with the at-risk rule basics and how to compute and report a taxpayer's amount at-risk. The program then addresses: (1) the impact of debt guarantees; (2) borrowing from someone who has an interest in an activity other than as a creditor; (3) what is the activity of holding real property for purposes of classifying nonrecourse debt as "qualified nonrecourse debt"; and (4) when activities can be aggregated.

Planning and More Under the S Corporation §1374 Built-In Gain Rules - 3.0 CPE Credit Hours

This program begins with a review of the basics of the §1374 built-in gain rules and how the built-in gains tax potentially applies during the five-year recognition period to the disposition of appreciated assets owned by an S corporation as of the effective date of its conversion from C corporation status. The program then addresses: (1) the limitations on the amount of the built-in gains tax; (2) the importance of the timing of disposition of built-in gain and loss assets; (3) how to minimize or eliminate the built-in gains tax impact of cash-basis accounts receivable owned by the S corporation as of the effective date of its S election; (4) how the built-in gains tax applies to collections of an installment note held by the S corporation as of the effective date of its S status; and (5) how the built-in gains tax applies to assets disposed of by a partnership in which the S corporation owns an interest.

What To Do About a Blown §83(b) Election - 1.5 CPE Credit Hours

This program first describes a couple of approaches that may be taken if unvested corporate stock is provided to a service provider and the service provider fails to make a §83(b) election and discovers the failure after the 30-day due date of failing. The program then switches to the partnership arena and examines (1) the requirements of making a §83(b) election for unvested property received by the partnership service provider; (2) when a discretionary §83(b) election should be considered in connection with the receipt of a partnership profits interest; and (3) what steps may be taken if a §83(b) election was not made for a partnership profits interest and the IRS safe harbor for not making an election is not available.

Serial Redemptions in a Personal Service Partnership - 1.5 CPE Credit Hours

This course focuses on the various federal income tax consequences of serial redemption payments made to a retired service partner in a personal service partnership and the choices that the parties have in structuring the tax consequences of those payments.

The Evolving Thought Process on Tax Distributions - 1.5 CPE Credit Hours

This course focuses on the various considerations in structuring an effective partnership tax distribution provision and the different perspectives of partners holding a different “class” of interest may be in negotiating a tax distribution provision.

Traps to Avoid When Converting a Partnership to a Corporation - 1.5 CPE Credit Hours

This program is designed to identify situations when to incorporate a partnership, as well as to drill down many of the tax considerations from the perspective of both the corporation and the partners or partnership (as applicable) when engaging in a partnership incorporation transaction.

The Revised §752 Regulations - 2.0 CPE Credit Hours

This program examines the 2019 regulatory changes to the manner in which debt is classified as either recourse, nonrecourse or partner nonrecourse debt for §752 purposes, specifically focusing on when guarantees of debt and indemnities of partner guarantors of partnership debt will be respected for §752 basis purposes. The program also will examine how these changes may interact with the determination of whether a partner guarantee of partnership debt or a partner indemnity of a partner guarantor of partnership debt will be treated for §465 at-risk purposes.

F Reorganizations, §704(c) Considerations For Rollover Equity and More - 2.0 CPE Credit Hours

This course focuses on the tax considerations when engaging in part-sale/party rollover transaction by an S corporation using an F reorganization structure, including FEIN retention, the §704(c) decision-making matrix with respect to the rollover equity, and how tax basis is allocated with respect to the sale portion of the partnership interest in the part-sale/part-rollover transaction.

Code §751 Hot Asset Reporting and the Proposed §751 Regulatory Changes to the Computation of Hot Assets - 1.0 CPE Credit Hours

This program examines the current definition of §751 hot assets and the proposed 2014 regulatory changes to manner in which substantial appreciation is computed for determining whether inventory items are substantially appreciated. In this regard, the program focuses on the considerations of whether to opt into the proposed regulations. The program also will discuss the partnership hot asset reporting requirements and the impact of proposed regulatory changes in this arena.

Continuing S Corp Shareholders: Navigating Pro Rata Allocation After an Asset Sale - 1.0 CPE Credit Hours

This program examines how to structure a sale of assets of an S corporation where there will be rollover equity that is owned by one of the shareholders using multiple installment notes and the 12-month liquidation provisions of §453B(h) and §453(h), so that the S corporation shareholders recognize gain at different times.

How to Make §704(b) Allocations When There Are Preferred Returns - 1.0 CPE Credit Hours

This program delves into the controversial issue as to whether a gross income allocation is required to be made when (1) there is a partner (“preferred partner”) who is entitled to a preferred return on capital, (2) there is §704(b) capital of other partners that is subordinate to the preferred partner entitled to the preferred return, and (3) the partnership breaks even for the year.

Negative Tax Capital Accounts And Divorce - 1.0 CPE Credit Hours

This program examines the tax consequences of the transfer of property, including partnership interests, between spouses incident to a divorce. As part of this examination, this program will address the basis implications and tangential issues such as what happens with net operating loss carryovers and passive loss carryovers.

Planning Opportunities Under §1045 - 1.5 CPE Credit Hours

This program describes the requirements for a successful §1045 rollover of the proceeds from the disposition of §1202 stock for which the required five-year holding period has not been satisfied. The program also will examine (1) the extent to which start-up activities satisfy the active trade or business requirement of §1202 and (2) using §1045 to “leverage” the §1202 exclusion by rolling over “excess” §1202 proceeds into multiple qualifying corporations.

All of these self-study programs meet the high standards of Tax Forum's multi-day courses, the pre-eminent programs for flow-through tax planning for almost the past four decades.

If you didn't see the program you need, check back soon … we continue to add more self-study programs to our inventory. Got a topic you want covered? Send your suggestions.

You have questions? Let's chat.

Bonus: Similar to our virtual Forum and Fundamentals programs, we are happy to spend a few minutes chatting with you about any question you may have regarding the self-study program you viewed or any flow-through matter. Please email your questions directly to any faculty member.

Tax Planning Forum LLC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsorts may be submitted to the National Registry of CPE Sponsors through its website.

Tax Forum Self-Study Courses are Now Available!

You have questions? Let's chat.

Bonus: Similar to our virtual Forum and Fundamentals programs, we are happy to spend a few minutes chatting with you about any question you may have regarding the self-study program you viewed or any flow-through matter. Please email your questions directly to any faculty member.

Contact Information