Nevada CPA


Simple Substantial Economic Effect Regulatory Compliance:an Overview


The Internal Revenue Service considers Section 704(b)’s substantial economic effect regulations among the most complex. This course teaches the Treasury Regulations enable simple compliance through (Per Capita: Balances: Ratios) capital account accounting method truncated transitivity, economic effect equivalence, and substantiality’s conclusive presumption. The partnership special allocations public policy mandate is made clear thereby: encourage going concern productivity while discouraging its abandonment.



Lesson 1.

Partnership Special Allocation Substantial Economic Effect: History, Background, and Policy


Lesson 2.

Capital Account Accounting


Lesson 3.

Economic Effect’s Trinity


Lesson 4

Simplified Substantiality Compliance: the Treas. Reg. Section 1.704-1(b)(2)(iii)(c)(2) Conclusive Presumption


Lesson 5.

Partnership Agreement Special Allocation Substantial Economic Effect Provisions


Lesson 6

Crunching Some Numbers: Going Concern Capital Account Maintenance


Lesson 7

Crunching Some Numbers: Liquidation Capital Account Maintenance


Course Details

Date & Time:

Monday, June 19, 2017

6:00am – 8:42am

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Field of Study:


CPE Credit:

3 hours CPE credit


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Course Pricing

Member Fee

Applicable if you are a NVCPA member in good standing.

Non-Member Fee

Applicable if you are not a NVCPA member.

Your Price $99.00


David Jenkins

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