Reasonable Compensation for S Corps and Partnerships - Shifting Undercurrents and Brand New Consequences WEBCAST

Wednesday, April 1 9:00am - 11:00am

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2 Credits

Member Price $79.00

Non-Member Price $109.00

Overview

The playing field is shifting much more dramatically than meets the eye for owners of pass-through entities. Employment tax undercurrents are on the move. Wholly different income tax implications are in play. How to plan? Take our new 2 hour course and find out.

Highlights

How planning to save employment taxes for S corps is on the chopping block. How recent cases, regs and rulings have shaken, but not broken, planning to reduce SE tax of a partner. Profound insights from IRS’s new Partnership and SE Tax Concept Unit. How compensation of owners plays against income tax (under Schedule199A). An alternative (?) to paying comp from a partnership. How reasonable comp in other contexts is also shifting in light of wholly new developments. To learn how the courts are increasingly using “cut and paste” lego-type pieces to sort the differences between compensation, loans, dividends and distributions.

Prerequisites

None

Designed For

CPAs and others desiring an update as to effective income tax and employment tax planning for closely held business owner compensation

Objectives

To take a practical fresh new look at reasonable compensation for owners of S Corps and partnerships and reevaluate related planning

Preparation

None

Notice

NONE

Leader(s):

Leaders

Bradley Burnett

Bradley P. Burnett is a tax accountant and attorney with an emphasis on tax planning and tax controversy. Prior to establishing a law firm in 1990, Burnett worked as a tax senior for a national CPA firm, tax manager for a local CPA firm, trust officer for a major bank, and managed the tax department as a partner in a medium-sized Denver law firm.

Burnett has delivered more than 650 presentations on tax law and tax planning to CPAs, attorneys, and civic groups throughout 46 states, Washington, D.C., and British Columbia. He has authored the texts of 12 full-day CLB/CPE courses, authored tax materials for Commerce Clearing House, and written various articles for tax journals and legal journals in the past 14 years.

After receiving his undergraduate degree in accounting and law degree, he earned a master’s in taxation from the University of Denver in 1984. Burnett has served as an adjunct professor at the University of Denver Graduate Tax Program.

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Non-Member Price $109.00

Member Price $79.00