810282026 2
Wednesday, October 28, 2026 · 11:00am PT / 2:00pm ET

We’ll cover a very complicated topic in a way that’s understandable, including lots of examples.

Who Should Attend
Tax professionals who want to gain a better understanding of one of a complex Federal taxation area.

Topics Covered

  • Liquidating a partnership without paying tax.
  • Disguised sales
  • Taxability of cash distributions
  • When payments of a partner’s medical insurance or HSA contributions are treated as distributions
 

Learning Objectives

  • Calculate the taxability of cash distributions
  • Calculate the taxability of non-cash contributions
  • Identify the effect of decreases in liabilities as distributions
  • Identify distributions that are treated as sales of property
  • Identify the effects of distributions on inside basis of partnership assets (section 734)
 

Level
Advanced

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Knowledge of Partnership Distributions

Advance Preparation
None

Instructor

Greg White

Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.

Additional Course Details

  • Filed of Study: Taxation
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