July 12, 2022


Webinar


1 Total CPE Credits

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Entity Choice: Federal Taxation of Business Operation

Learning Objectives

  • Identify and evaluate differences in tax rates applicable to corporations and individuals
  • Analyze the significance of differences between the corporate and individual treatment of capital gains and losses
  • Understand the importance of the self-employment tax and FICA/ Medicare taxes
  • Consideration of the importance of the individual alternative minimum tax
  • Identify and analyze tax planning opportunities using differences in tax rates

Major Topics

  • Basics of the taxation of partnerships, S corporations, corporations not making the S election
  • Tax rates applicable to taxable income reported by a corporation not making the S corporation election
  • Tax rates applicable to ordinary taxable income of partnerships and S corporations which is allocated to individual taxpayers
  • Tax rates applicable to long term capital gain allocated to individual partners or shareholders of S corporations
  • Comparison of corporate and individual tax rates
  • Tax planning opportunities using differences in tax rates
  • Comparison of tax savings for losses based on the choice of entity
  • The self-employment tax and FICA/ Medicare taxes
  • The individual alternative minimum tax

CPE Credits Available

1
Total CPE
1
Accounting & Auditing

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.