
This course provides a detailed exploration of the tax rules, procedures, and planning strategies involved in the liquidation of partnerships, including LLCs taxed as partnerships. Topics include the tax implications of liquidation for both the partnership and its partners during liquidation. We will review the distribution rules regarding current vs. liquidating distributions and their tax consequences. We will also explore tax-efficient strategies for liquidating partnerships and timing considerations and structuring options.
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*Self-Study recording not available for NASBA CPE credit.
IRS Program #:7Q3WU-T-00756-25
CTEC Course #: 6248-CE-00125

Larry has been a tax professional since 1986 with a tax planning, preparation, and representation practice in Redwood Shores, CA. Larry enjoys speaking about tax to tax and financial planning professionals. Larry received his BS in Business Administration with emphases in Accounting and Finance from UC Berkeley and MS in Taxation from Golden Gate University.
25 IRS/NASBA CPE Credits Available
TPP’s Partnership & S Corporation Tax Series provides 25+ IRS/NASBA CPE credits with in-depth training on Form 1065 and 1120-S preparation, partnership basis and capital accounts, Section 754 and 751 issues, BBA compliance, S corporation reasonable compensation, liquidations, reorganizations, and advanced pass-through taxation strategies.
Varies
An enlightening series of programs dedicated to navigating the complexities of partnerships and S corporations. Our theme, "Flow Through You," encapsulates the seamless transition of knowledge and strategies you'll gain from these expert-led sessions.
3 Free NY & NJ CLE, CPE and IRS CE/NASBA CPE Credits
An overview of the tax consequences of choosing a business entity—explaining how structures like sole proprietorships, LLCs, S corporations, and C corporations impact liability, taxation, and long-term financial strategy.
2 IRS CE/2 CTEC/2 NASBA CPE
An overview of Section 1202 Qualified Small Business Stock (QSBS) rules, highlighting federal capital gains exclusions, eligibility requirements, and key updates under the One, Big, Beautiful Bill.
An overview of California’s SB 711 Conformity Expansion, explaining how the law aligns state tax provisions with federal changes and what it means for businesses and taxpayers.
2 IRS CE/2 CTEC/2 NASBA CPE
An overview of the 2025 updates to R&D tax credits, covering new IRS forms, revised compliance requirements, and emerging risks businesses need to understand before claiming the credit.
2 IRS CE Ethics/2 CTEC Ethics/2 NASBA CPE Ethics**
Join John Sheeley, EA and Tax Practice Pro for our annual FREE ethics program — a tradition designed to give back to the tax community every Giving Tuesday. This year’s program takes a fun, insightful journey through the ethical challenges of using artificial intelligence in modern tax practice, inspired by the classic “Bill & Ted” films.
No IRS or CTEC Credit. Only NASBA CPE (2)
A breakdown of the OBBBA workflow overhaul, explaining new pay stub requirements, updated tip and overtime tracking rules, and key changes to tax organizers and compliance processes.
NASBA CPE Field of Study: Business Management & Organization NO IRS/NO CTEC
An analysis of whether the solopreneur model remains viable for solo tax professionals, exploring entity structure, self-employment tax exposure, liability considerations, scalability, and long-term tax planning strategy.
1 IRS/1 CTEC/1 NASBA CPE
A practical overview of using AI for tax research, including benefits, limitations, compliance risks, and best practices for accuracy, documentation, and professional responsibility.
2 IRS CE/2 CTEC/2 NASBA CPE
A guide to strengthening your office security through strategic updates to your Written Information Security Plan (WISP), including risk assessments, data safeguards, employee training, and compliance best practices.