Guaranteed Payments for Partners
In a partnership, some partners may be active participants, while others may invest in the entity to provide working capital to finance partnership operations. To compensate them for their efforts, the partnership can pay them guaranteed payments. This webinar will explore the tax ramifications of guaranteed payments, both for the partners and the partnership.
Upon completion of this session, the attendee will be able to:
-Know how to set up guaranteed payments for the partners.
-Understand the taxation of guaranteed payments in the hands of the partner.
-Explain the tax effects of guaranteed payments vs. distributions to a partner.
-Recognize guaranteed payments on the partner’s Schedule K-1.
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*Self-Study recording available for IRS CE Credit only (NO CPE)
NASBA Field of Study: TBA
IRS Program #: 7Q3WU-T-TBA
CTEC Course #: 6248-CE-TBA
Jaye E. Tritz
,
EA, CFP
Jaye E Tritz, EA, CFP ® holds a bachelor’s degree from Northwestern University and hasrecently retired from active tax practice. She was formerly a multi-unit franchise ownerwith H&R Block, having been twice honored as National Franchisee of the Year by thatcompany. During her thirty-one-year career as a tax preparer, she earned her EnrolledAgent designation in 1997 and became an NTPI Fellow in 2010. Jaye is also a CertifiedFinancial Planner and holds Series 6, 7, and 63 securities licenses. Jaye has been anationally recognized instructor and presenter for over 15 years.
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