Tax rates, personal liability, operations - these are all factors to be weighed when advising clients about their choice of entity decision. This session provides a comparison of the multiple entity choices to start the discussion with clients and selecting the best tax efficient option for them.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
DESIGNED FOR
CPAs in public practice and members in industry
BENEFITS
- Identify recent tax development impacting partnerships, LLCs, S Corporations, C corporations and sole proprietors
- Identify the tax benefits and consequences of multiple business entities
HIGHLIGHTS
- Recent tax legislation and developments related to choice of entity - such as sole proprietorships, single member LLCs, partnership/LLCs, S corporations, and C corporations
- Impact of the Section 199A deduction
- Ramifications of the C to S election and the S to C election; Corporate tax rate to individual tax rate comparison examples
- Other related topics
PREREQUISITES
Basic working knowledge of business taxation
ADVANCE PREPARATION
None