Tax

Jonathan Stein, a member of Pryor Cashman’s Tax Group, will speak on the webinar, “Recourse and Non-Recourse Debt for Partnerships,” which will be held on December 3, 2014. The recording is available here.

This webinar will prepare accounting advisors and tax preparers to make the difficult and complex distinction between recourse and non-recourse debts for partnerships. The panel will explain how to account for those debts in a partner’s tax basis under IRC §§752 and 704.

Further topics to be discussed include the distinctions between recourse and non-recourse liabilities and how they effect partnership allocations, the interaction of §752 rules on sharing partnership liabilities with §704(b) rules on partnership allocations, how to address non-recourse debt when it has a negative tax impact, and when a minimum gain charge-back should be considered.