Choice of Entity & Tax Issue Entity Formations (Full-Day Webinar) (Completed)

Date: Friday, January 25, 2019
Instructor: Jennifer Kowal
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  8 hours for CPAs
8 hours Federal Tax Related for EAs and OTRPs
8 hours Federal Tax Law for CTEC

Choosing which type of entity to use to form and organize a new business can be challenging. One must consider and weigh costs and benefits today vs. the future, without knowing what the future will bring. Often, business concerns suggest one type of entity while tax concerns suggest another. These decisions are also affected by the Tax Cuts and Jobs Act of 2017 with the new 20% pass through deduction and the lower rate for C corporations. While much of that remains uncertain, Jennifer Kowal will discuss the impact of the tax bill and how it needs to become part of the decision making process in 2018.

This course will discuss business advantages and disadvantages of C-corporations, S-corporations, LLC's, partnerships and sole proprietorships. It will also cover the tax advantages and disadvantages of each entity type. Finally, the course will cover the tax treatment and potential pitfalls involved in forming each type of entity.

This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.

Who Should Attend
Tax practitioners at all levels who advise on the tax issues involved in forming business entities.

Topics Covered

  • Business advantages and disadvantages to various business entity structures
  • Tax advantages and disadvantages of various business entity structures
  • Tax treatment of formation transactions for C corporations, S corporations, LLCs and partnerships
  • Potential current and future pitfalls of forming each entity type
  • Potential impact of Tax Cuts and Jobs Act of 2017

Learning Objectives

  • Describe the business advantages and disadvantages of using C corporations, S corporations, LLCs, partnerships and sole proprietorships
  • Identify the tax advantages and disadvantages of each entity type
  • Describe tax consequences to forming various types of entities

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
Basic experience with choice of entity and tax issues involved in entity formations.

Advance Preparation
None

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