Taxation of Business Entities (Currently Unavailable)
Author: Allison McLeod
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits
This course will introduce you to the different types of business entities and the tax implications of contributions, distributions and earnings, among other topics.
Publication Date: February 2023
Designed For
Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.
Topics Covered
- Types of business entities (Sole proprietorship, Partnership, Corporation, Limited Liability Company and Limited Liability Partnership)
- Considerations in choosing a business entity, including taxes, limited liability protection, management & control, funding options & opportunities, tax consequences for the owners and the business
- Future tax considerations that will impact various business entities
Learning Objectives
- Recognize how to differentiate between the various types of business entities
- Recognize how to determine if a business client is using the most tax efficient entity structure based on its business goals
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
