About this event

Speaker Dr. John Tripp, Daniels College of Business, Graduate Tax Program, University of Denver

Fee $320 members, $410 nonmembers

Learning Objectives This program will provide practitioners with coverage of complex issues encountered in the development of oil and gas properties. Current legislation, rulings and cases will be incorporated and will be emphasized. Objectives:

  • to identify joint ventures that can elect out of subchapter K and make the election out of subchapter K;
  • to understand carried interest, a third-for-a-quarter deal, payout, and Rev. Rul. 77-176 issues;
  • to determine the tax consequences of forming partnership as a result of contributions of property or contributions of services;
  • to review section 704(b) special allocations, capital accounts, and simulated depletion deductions;
  • to study, in detail, mandatory allocations under section 704(c) including the traditional, curative and remedial methods required to equalize capital accounts;
  • to review partnership transfers, including section 754 elections resulting in 743(b); and
  • to review the limitations on partnership losses, including section 704(d), section 465, and section 469.

Delivery Method Group live

Hours and field of study 8 hours CPE credit awarded for completion; tax; technical.

Level Advanced

Prerequisites/advance preparation General understanding of federal income taxation, including taxation and structuring of partnerships, and an understanding of the fundamental concepts of income taxation of the oil and gas industry.

Location: Fort Worth Chapter TSCPA classroom, 550 Bailey Suite 225, Fort Worth, TX 76107. To search for convenient hotels, we suggest using Marriott.com and searching with the 76107 zip code; there are several nearby properties.

Included in your registration: 
Digital materials. Free wifi and parking. Sodas, water, coffee and box lunch.

About our cancellation and refund policies and our authority to issue CPE.

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Oil and Gas Tax: Partnerships

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