EA Exam Prep Part 2: Business Entities (Currently Unavailable)
Author: Eva Rosenberg
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC
1 hour Test Preparation for OTRPs |
This is the first class of the EA Exam Prep Part 2 series. Which business structure is the best for your clients? Why do I need to know accounting? Join TaxMama® and sift through the details of business entities. Learn about pass-through entities and how they affect the taxpayer. Discover when choosing a C Corporation over a S Corporation is best. Analyze partnerships, sole proprietorships, LLCs, PSCs, and more.
Publication Date: August 2019
Topics Covered
- Definition of a business entity
- Overview of Sole proprietorships, Partnerships, Corporations, S Corporations, LLCs, Personal Service Corporations (PSC), and Personal Holding Company (PHC)
- Qualified Joint Ventures
- Section 199A
- Partnership reporting basics
- Corporation reporting basics
- Pros and Cons of each business structure
- The importance of accounting
- Default classifications
Learning Objectives
- Identify the basics of sole proprietorships
- Identify the basics of partnerships
- Identify the basics of corporations
- Identify the basics of S corporations
- Identify the basics of LLCs
- Identify the pros and cons of each business structure
- Recognize the filing requirements for each business structure
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
