Partnership Basics
2 CPE for AFSP, EA, CFP®, CPA, CRTP
After determining a business arrangement is a partnership, you’ll need to know the differences between general and limited partners. The classification affects how various payments to partners, including guaranteed payments and distributive shares of income, are taxed. During this session, we’ll review the basic tax rules for operating a business as a partnership.
Objectives
Upon completion of this session, you will be able to:
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Determine whether a partnership exists
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Summarize the filing options for an unincorporated business owned by spouses, including a qualified joint venture
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Compare and contrast general partners versus limited partners
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Examine the tax treatment of payments to partners
CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
