Entity Choice: Federal Taxation of Business Operation WEBCAST

Tuesday, July 12 8:00am - 9:00am PDT

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Member Price $49.00

Non-Member Price $59.00

Overview

The current taxation of business operations is a visible recurring focus of tax planning. The choice to use a particular legal entity is a significant factor in this planning process. This course considers the comparative federal tax consequences of operating the business as a partnership entity or a corporation with or without an S corporation election.

Highlights

Basics of the taxation of partnerships, S corporations, corporations not making the S election. Tax rates applicable to taxable income reported by a corporation not making the S corporation election. Tax rates applicable to ordinary taxable income of partnerships and S corporations which is allocated to individual taxpayers. Tax rates applicable to long term capital gain allocated to individual partners or shareholders of S corporations. Comparison of corporate and individual tax rates. Tax planning opportunities using differences in tax rates. Comparison of tax savings for losses based on the choice of entity. The self-employment tax and FICA/ Medicare taxes. The individual alternative minimum tax.

Prerequisites

An understanding of the taxation of individuals, corporations, S corporations, and partnerships.

Designed For

CPA’s, financial professionals, attorneys, and other tax practitioners.

Objectives

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.

Preparation

None.

Notice

None.

Leader(s):

  • John McWilliams

Non-Member Price $59.00

Member Price $49.00