Partners or LLC members frequently engage in transfer or exchanges with the entity itself. These may be exchangers of property, the performance of services, the receipt or guaranteed payments or before. Under the tax code, however, these transactions are not necessarily treated as occurring between disinterested third-parties. In many instances, these transactions can trigger very substantial tax liability.
This program will provide you with a real-world guide to how these transactions can give rise to tax liability and techniques for avoiding that liability in common transactions between a partner/LLC member and partnership/LLC.