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Choice of Entity: Tax Pros & Cons: S Corp, C Corp, Partnership, LLC and Sole Proprietorship

Even seasoned practitioners who deal with general and limited partnerships, C and S Corporations, LLCs and LLPs, as well as individual proprietorships, may find it difficult to assess which form of organization is best in a particular client's situation. In recent years, we have seen the development of disregarded entities, changes to many state LLC and LLP statutes and the ever-present changes to the tax laws. Each is critical to the specific goals the client has for the business. This course will help you assess the myriad of factors that drive the optimal form of organization for your client's business. It is unique in its approach to the entity choice decision because it uses case studies from actual client situations to examine which entity form is best for actual client problems.

LEVEL

Basic

CPE CREDIT

Classroom: 8 Now accepted for CFP®, CMA, CFM and EA continuing education credit.

NASBA FIELD OF STUDY

Taxes: 8

PREREQUISITE OBJECTIVES

Upon completion of this course, participants will be able to: · Determine when an entity change is needed to achieve business or tax advantages · Comply with the complex tax law provisions on the selection, organization, restructuring and liquidation of business forms · Match client business and tax strategies to the appropriate business form Experience in business taxation

PRODUCT ORDERING INFORMATION

Public Seminar: TA-COE On-Site Training: TA-COE

(For self-study ordering information and recommended credit, visit www.cpa2biz.com/cpe)

HIGHLIGHTS

· How an entity can protect assets from creditors or family breakups and add protection to UTMA accounts for minor children · Controlled-entity sales to reduce the risk of dealer status for future real property development · Selecting the right entity to avoid gain when assets are transferred with liabilities in excess of tax basis · Which entity form can be used to elect to treat a stock purchase as an asset purchase · How to use an entity to allocate income and loss disproportionately to ownership capital · Using an entity to allow an owner to receive a tax-free distribution of property · How to structure a merger or sale of a disregarded entity (e.g., Q-subs)

WHO WILL BENEFIT

· Practitioners looking for the best techniques to use various entity forms to solve their clients' tax and business problems

Available in a 4-hour version. See page TX-25.

For information regarding on-site training, e-mail TX-24

[email protected], call 1-800-634-6780 (Option 1) , or visit www.aicpalearning.org.

Information

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