July 19, 2022


Webinar


2 Total CPE Credits

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Entity Choice: Tax Considerations of Making Profits Available to Owners

Learning Objectives

  • Explain the potential for double taxation for a C corporation
  • Analyze and compare the tax consequences of tax-deductible payments to owners of partnerships and corporations, with and without the S corporation election
  • Identify and analyze tax planning ideas to avoid double taxation
  • Determine the importance of the differences in tax results when assets are transferred to the owners of partnerships and corporations, with and without the S election
  • Identify situations where the accumulated earnings or personal holding company tax could be applied
  • Compare the current tax costs if most profits are accumulated by a partnership, corporation not making the S election or a corporation making the S election

Major Topics

  • Basics of the taxation of partnerships, S corporations, corporations not making the S election.
  • Tax consequences of tax-deductible payments to owners of partnerships and corporations
  • Tax consequences of making distributions to the owners of partnerships and corporations
  • The accumulated earnings tax
  • Entity choice comparison of current tax costs if most profits are accumulated

CPE Credits Available

2
Total CPE
2
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

CPA's, financial professionals, attorneys and other tax practitioners

Provider

California Society of CPAs

This event has ended.