Changes in the partners or shareholders of a partnership or LTC (Look-Through Company), or the dissolution of these entities, are typically considered taxable events. This course will help you understand the tax implications of these changes and how to address them.

Main Focus Areas:

• Overview of the specific tax rules related to changes in ownership and what the small-change ("de minimis") rules entail.
• Exploration of other relevant tax rules, particularly the purchase price allocation rules.
• Understanding primary sector-specific tax rules and how they apply to ownership changes in this context.
• Practical examples to demonstrate the application of these rules.

Suitable for: This course is ideal for senior primary sector accountants and tax-aware intermediate-level accountants who deal with ownership structures in partnerships or LTCs.