Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert Greg White, CPA, as he takes a deep dive into the special tax considerations for maximizing the section 199A QBID for partnerships and self-employment taxes for LLC members. Greg will also cover application of the at-risk rules to LLCs. Participants will learn specific strategies to save clients money.
Publication Date: May 2023
Topics Covered
- Section 199A special considerations for partnerships
- Controlling self-employment taxes for LLC members
- Liabilities Basis And At-Risk
- Choosing LLC vs. S Corp — QBID and Reasonable Comp
- Does "Reasonable Comp" Apply to LLCs?
Learning Objectives
- Recognize how to maximize the section 199A deduction for clients in the context of partnerships
- Identify situations where an LLC is more suitable for your clients than an S corporation
- Recognize how to structure LLC agreements to minimize self-employment taxes
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.