This session, TEI’s 2025 Federal Tax Course – Level 1, provides a foundational overview of partnership taxation, covering key concepts essential for understanding the tax treatment of partnerships. Participants will explore entity selection considerations; partnership formation; transactions involving existing partnerships, including contributions, distributions, and the sale of an interest in a partnership; and partnership termination. The session will examine the impacts of these events and other considerations on partner and partnership basis, capital accounts, and the allocation of income and liabilities. Finally, the session will provide an overview of partnership reporting, with a detailed review of Schedule K.
Learning Outcomes
- Evaluate entity selection considerations and identify the tax implications of partnership formation and contributions
- Gain an understanding of capital accounts and the methods for allocating income and liabilities and for determining inside and outside basis
- Examine the tax consequences of selling a partnership interest and partnership terminations
Who Should Attend
This course is designed for tax professionals who are new to the in-house community, taking on new areas of responsibility, changing areas of practice, or just need a refresher on the core principles in US federal taxation.
Instructor(s)
Derek Myers, Managing Director, Alvarez & Marsal Tax, LLP
Emma Zhao, Senior Director, Alvarez & Marsal Tax, LLP
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is not eligible for Continuing Professional Education (CPE) credit and includes the recording from the 2025 in-person session and the corresponding PowerPoint slides.
Length of Session
The session will take approximately 3.5 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
By purchasing this TEI digital product (TEI Content) you agree to TEI’s Terms & Conditions