Consider the difference in tax consequences based on the decision to conduct a profit-seeking activity as a sole proprietor. Including sole member limited liability company partnership, S corporation or C corporation. Review key variables such as tax rates, double tax possibility and special rules that differ for partnerships and corporations. Focus on the taxation of current operations, including plans to make corporate profits available to the owners, and more unusual transactions such as the sale of the business or “buyout” of the owner. Transfers of property for stock or partnership interests will also be considered.
Taxation of corporations and shareholders-potential double taxation. Comparison of individual and corporate tax rates. The basics of qualified business income deduction, IRC 199A. Special rules-differences that matter. Non-tax factors. Taxation of operations-differences beyond tax rates. Tax considerations of making business assets available to owners. Taxation of the sale of the assets of a business. Taxation of sale of stock or interest in the partnership. Transfer of assets for stock or a partnership interest. Death of an owner. Hybrid structure planning.
An understanding of the taxation of individuals, corporations, S corporations, and partnerships.
CPAs, financial professionals, attorneys and tax practitioners.
Identify and evaluate differences in tax rates applicable to corporations and individuals. Analyze the significance of differences between the corporate and individual treatment of capital gains and losses. Understand the importance of the self-employment tax and FICA/ Medicare taxes. Consideration of the importance of the individual alternative minimum tax. Identify and analyze tax planning opportunities using differences in tax rates.
- John McWilliams
Non-Member Price $399.00
Member Price $299.00