Guaranteed Payments for Partners

2 IRS CE/CTEC/NASBA CPE*

In a partnership, some partners may be active participants, while others may invest in the entity to provide working capital to finance partnership operations. To compensate them for their efforts, the partnership can pay them guaranteed payments. This webinar will explore the tax ramifications of guaranteed payments, both for the partners and the partnership.

Upon completion of this session, the learner will be able to:
-Know how to set up guaranteed payments for the partners.
-Understand the taxation of guaranteed payments in the hands of the partner.
-Explain the tax effects of guaranteed payments vs. distributions to a partner.
-Recognize guaranteed payments on the partner’s Schedule K-1.

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*Self-Study recording available for IRS CE Credit only (NO CPE)

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-01001-26
CTEC Course #: 6248-CE-00359