February 3, 2021 7:30am – 3:00pm Map & Directions 602-252-4144

Webcast: Entity Choice-Tax Considerations | 4203117H STARTS AT 6:30 AM PDT

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description




Consider the difference in tax consequences based on the decision to be either a 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 considered.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:00am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webinar
Taxation
8

Objectives





Identify and evaluate differences in tax rates applicable to corporations and individuals.
Explain and analyze the significance of the qualified business income deduction, IRC 199A.
Recognize the potential for double tax for a C corporation including tax planning ideas to avoid double taxation.
Recall special rules that are different for partnerships compared to corporations.
Identify non-tax factors that are different for the various legal entity choices.
Determine the importance of the difference in tax result for entity assets transferred to the owners.
Compare the tax consequences of selling a business conducted as a partnership, S corporation or C corporation.
Analyze the differences between partnerships and corporations when assets are transferred for stock or a partnership interest.
Identify differences in tax consequences at the death of an owner.


Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




CPAs, financial professionals, attorneys and tax practitioners.

Prerequisites




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

Highlights





Taxation of corporations and shareholders; potential double taxation
Comparison of individual and corporate tax rates
The 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

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