Choice of Entity Decions [COE]

Full Description

Cutting-Edge Tax Strategies in Choice of Entity Decisions (updated for TCJA!) (COE)

November 25, 2019

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Youll leave this class with a practical checklist that you can use to counsel clients on entity choices. And well discuss a very recent IRS release that helps clarify self-employment tax in the context of LLCs.

Almost all CPAs encounter the following question from clients: What type of entity should my business be? This course will help answer that question well use real-world strategies that will assist you in helping clients reduce their tax liabilities by proper selection of the best entity for the particular situation. Well cover the revised landscape after the enactment of the Tax Cuts and Jobs Act of 2017.

Major Topics:
- "Check the box rules"
- Should clients convert from S corporation status to C corporations?
- How the new 20% 199A deduction affected choice of entity for federal tax purposes.
- C corp, S corp and partnership tax rules
- Partnerships vs. S corps: Contribution of property and services; allocation of income; transfer of ownership interests; redemptions, liquidations and owners retiring; and owner compensation/self-employed income and other benefits
- Minimizing payroll taxes in the context of preserving social security benefits.

Learning Objectives:
- Identify issues related to choice of entity.
- Recognize useful tax planning ideas.

Designed For: CPAs and CPA aspirants in public practice; tax staff in private practice.

CPE Credits: 4, Taxation

Level of Knowledge: Update

Prerequisite: Basic knowledge of federal income tax

Acronym: COE

Discussion Leader: Greg White, CPA

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