Tax law is complicated - but your guidance doesn't have to be.

Our Understanding Advanced Partnership Taxation series takes a look at some of the more difficult areas of the tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will look at partner basis calculations and distributions. We will also look at the substantial economic effect rules, the implications of minimum gains for nonrecourse debt, and constructive liquidation scenarios for recourse debt allocation. What about selling a partnership interest? We will take a look at those look-through provisions, as well as how the gain on the sale of a partnership interest can be both short-term and long-term...at the same time!

Learning Objectives

  • Partner basis calculation rules and ordering

  • Handling liquidating vs. non-liquidating distributions

  • Reallocating gains/losses under IRC 704(b)

  • How to treat nonrecourse debt and minimum gains

  • Tax effects of selling a partnership interest

  • Identifying hot assets and character of gain

Why join our live event?

Unlike crowded webinars or generic self-study content, PPE LIVE offers real engagement, real food, and real insight—at a competitive price. Join us in person and earn your credits with confidence.
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The Milan — A Modern Venue in the Heart of Savannah, the Hostess City

Historic charm meets elevated experience in this stunning new space.

Nestled in the heart of Savannah’s Historic District, The Malin offers a one-of-a-kind backdrop for elevated gatherings. Just steps from iconic spots like The Grey and River Street, this beautifully restored 10,000 sq. ft. venue blends classic Southern architecture with sleek, SCAD-alum-designed interiors. Surrounded by cobblestone streets, boutique hotels, and world-class dining, The Malin is perfectly positioned for guests to experience everything that makes Savannah the Hostess City of the South. From historic squares to a thriving arts scene, your event won’t just be memorable—it’ll be unforgettable. Whether you're attending a professional training or networking with peers, The Malin delivers comfort, creativity, and connection in the heart of one of America’s most charming cities.
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Interior of The Milan Savannah, GA

Bundle and Save 10%! $500 $450

Attending both days?

Take advantage of our PPE LIVE Bundle – Savannah, GA and enjoy 2 full days of advanced tax training for CPAs and financial professionals. Register for the bundle and save 10%!
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Seats are limited! Reserve your spot now to gain practical insights and earn CPE credit.

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Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.