Choice of Entity Decions [COE]


Nov 25, 2019
Time: 12:15pm-3:45pm

Credit Hours:



Member: $150.00
Non-member: $225.00

Discussion Leader:

Greg White, CPA

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his tenth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he teaches Capital Assets, Tax Accounting and Individual Taxation. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine.

Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV, King TV, and Northwest Cable News. He is frequently in contact with Treasury, IRS and other top government officials in Washington, D.C. as to late breaking guidance from the government and has been involved in making recommendations to them to help practically shape federal tax legislation and administrative guidance.

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

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