ICLE | Tax Law Series: Basis Planning with S Corporations and Partnerships
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Tax Law Series:
Basis Planning with S Corporations and Partnerships
On-Demand Seminar (Posted 02/21/22) | CLE: 0.5 | MCJE: 0.5
Cosponsored by the Taxation Section of the State Bar of Michigan
Available in the Partnership    

Only the partnership interest and S corporation stock owned by decedent receive a step-up in basis at death, while the assets do not. Use the strategies presented here to adjust the basis of the assets belonging to an S Corporation or partnership.

Watch so you can:

  • Determine the basis of partnership interest and fair market value of assets early
  • Seek permission to revoke a Section 754 election
  • Draft cross-purchase buy-sell agreements
  • Timely file the tax returns
Available Formats
ON DEMAND
Attend online at your convenience. Includes individual access to electronic materials for three years. These may include written materials, a PDF of the presentation, and any video or audio recordings.
Neal Nusholtz and George Gregory discuss what happens when there is a death of a partner if there has been a 754 election.
Neal Nusholtz and George Gregory discuss what happens when there is a death of a...
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