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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A Beautifully Refined Learning Experience – 1000 Westover at Maymont

A modern Mediterranean-style venue with unique historic features and an outdoor courtyard.

Tucked beside Maymont Park, this elegant space blends professional functionality with Southern charm—featuring natural light, architectural character, and a peaceful setting just minutes from downtown Richmond. Enjoy a full day of learning with catered lunch, fresh coffee, and light refreshments in an inspiring atmosphere perfect for thoughtful discussion and meaningful connections.
View the Space
Exterior of 1000 Westmount, a modern Mediterranean-style venue

Bundle and Save 10%! $500 $450

Attending both days?

Take advantage of our PPE LIVE Bundle – Richmond, VA 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.