USC Gould School of Law 2025 Tax Institute

USC Gould School of Law 2025 Tax Institute

• Sheraton Grand Los Angeles
• Monday, January 27, 2025 9:00 AM - Wednesday, January 29, 2025 8:00 PM PST

Kate Kraus will present the sessions below at the USC Gould School of Law 2025 Tax Institute on January 28, 2025.

Click here for additional information and to register.

Sessions

Hot Topics in Partnership and Real Estate

Join speakers from the Tuesday daytime sessions as they discuss recent developments in partnership and real estate taxation.

The BBA from a Transactional Perspective

Under the BBA, the partnership representative and designated individual are generally the only persons allowed to act on behalf of the partnership and its partners. In addition, the BBA affects the amount at risk in the event an adjustment is made and the party who bears that risk. In addition, it is not always advantageous, and not always possible, to make a Section 6226 push-out election. It is therefore crucial to take the BBA into account in the transactional context, when a partnership is formed or dissolved, when a partner joins and leaves a partnership, and in partnership mergers, divisions, and other transactions. This session will address BBA issues in the transactional context, including indemnities and how the BBA may apply to a partnership liquidation or termination.