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Partnership Taxation: Death, Retirement, and Liquidating Distributions

Taxes

Partnership Taxation: Death, Retirement, and Liquidating Distributions

Course 33202D · 2 hrs · CPA & EA

When a partner dies or retires, the tax consequences can be complex and easy to mishandle. This course walks through the rules governing liquidating payments, including how partnerships and LLCs handle buyouts, what happens when interests are transferred at death, and how sales to remaining partners are structured and taxed. Practical LLC-specific observations are woven throughout, making this chapter especially useful for practitioners who regularly advise clients on ownership transitions and succession planning.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA & EA
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NASBA Area: Taxes

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Partnership Taxation: Death, Retirement, and Liquidating Distributions
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About Pacific CPE

Pacific CPE is a NASBA-approved and IRS-approved provider of online self-study continuing professional education (CPE) for CPAs, Enrolled Agents (EAs), and other tax professionals.

Who We Serve:

CPAs — CPE credit for state license renewal (NASBA Sponsor #143718).

Enrolled Agents, AFSP participants, and other PTIN holders — IRS continuing education credit (IRS CE Provider #TJTMJ).

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We currently offer 125 active self-study courses in Auditing, Business, Ethics, and Taxes. Each course is 2 credit hours and can be read online or downloaded as a PDF, with audio versions available for select courses. Exams are taken online with instant grading, retakes are free, and completion certificates are available immediately in your account.

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Pay-as-you-go credit packs — no subscription required. Packs range from $64.50 (16 credits) to $224.50 (80 credits), which works out to $2.81–$4.03 per credit hour, or roughly $5.62–$8.06 per 2-hour course at pack rates. Credits never expire and can be used on any course in the library.

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Frequently Asked Questions

No, your credits will never expire. You can use your credits anytime to select and complete any course in our library.