June 14, 2022


Webinar


8 Total CPE Credits

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Entity Choice: Tax Considerations

Learning Objectives

  • Identify and evaluate differences in tax rates applicable to corporations and individuals.
  • Explain and analyze the significance of the qualified business income deduction, IRC 199A.
  • Recognize the potential for double tax for a C corporation including tax planning ideas to avoid double taxation.
  • Recall special rules that are different for partnerships compared to corporations.
  • Identify non-tax factors that are different for the various legal entity choices.
  • Determine the importance of the difference in tax results for entity assets transferred to the owners.
  • Compare the tax consequences of selling a business conducted as a partnership, S corporation or C corporation.
  • Analyze the differences between partnerships and corporations when assets are transferred for stock or a partnership interest.
  • Identify differences in tax consequences at the death of an owner.

Major Topics

  • Taxation of corporations and shareholders-potential double taxation
  • Comparison of individual and corporate tax rates
  • The basics of qualified business income deduction, IRC 199A.
  • Special rules-differences that matter
  • Non-tax factors
  • Taxation of operations-differences beyond tax rates
  • Tax considerations of making business assets available to owners
  • Taxation of the sale of the assets of a business
  • Taxation of sale of stock or interest in the partnership
  • Transfer of assets for stock or a partnership interest
  • Death of an owner
  • Hybrid structure planning

CPE Credits Available

8
Total CPE
8
Taxes

Things to Know About This Course

Prerequisites

An understanding of the taxation of individuals, corporations, S corporations and partnerships.

Advanced Preparation

None

Intended Audience

CPAs, financial professionals, attorneys and tax practitioners.

Provider

California Society of CPAs

This event has ended.