Taxation of Business Entities
Date: Wednesday, November 18, 2026
Instructor: Allison McLeod
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This course provides a clear, practical introduction to the federal tax treatment of business entities, with an emphasis on helping practitioners evaluate entity choice, understand formation and operating rules, and identify tax‑efficient planning opportunities. Participants will examine the tax implications of contributions, distributions, earnings, and structural considerations across sole proprietorships, partnerships/LLCs, S corporations, and C corporations.
The program also explores compliance requirements, future tax developments, and strategies to minimize liabilities while aligning entity structure with long‑term business goals. Designed for tax professionals working with existing or newly formed businesses, this course equips attendees with the knowledge needed to guide clients confidently through entity selection, restructuring, and ongoing tax planning decisions.
Who Should Attend
This course is ideal for professionals who advise businesses or prepare business‑related tax filings.
Topics Covered
- Overview of entity types: sole proprietorships, partnerships/LLCs, S corporations, and C corporations
- Key tax considerations in selecting and structuring a business entity
- Tax results of contributions, distributions, allocations, and special items
- Entity‑level vs. owner‑level taxation and planning opportunities
- Future tax developments affecting entity selection and compliance
- Real‑world scenarios and examples for applying entity‑choice principles
Learning Objectives
- Differentiate among the major business entity types and understand how each is taxed
- Determine whether a client’s current or planned business structure is the most tax‑efficient given its objectives
- Identify federal tax implications of contributions, distributions, allocations, and operational decisions across entity types
- Recognize planning opportunities related to liability protection, management structure, compensation, and exit considerations
- Assess upcoming legislative and regulatory changes that may affect entity choice and tax outcomes
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
