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Webcast: Entity Choice - Tax Considerations (CAECTX16)
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12/9/2016
When: 12/9/2016
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4163117E
United States
Presenter: John G. McWilliams, CPA, JD


Online registration is closed.
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Acronym CAECTX16
CPE 8 hours
Vendor CalCPA
Category
Tax
Level Intermediate
Yellow Book No
Prerequisite An understanding of the taxation of corporations, S corporations, and partnerships
Who should attend CPA's and attorneys who have at least two years of experience advising privately owned businesses.
Members $245
CPA Non-Members $375

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Description

The course considers the difference in tax consequences based on a decision to be either a partnership, S corporation or C corporation. The course considers key variables such as tax rates, double tax possibility, and special rules that are different for partnerships and corporations. The focus is on the taxation of current operations including plans to make corporate profits available to the owners and more unusual transactions such as the sale of the business or "buyout" of owner. Transfers of property for stock or partnership interests is also considered.

Objectives

  • Identify and evaluate differences in tax rates applicable to corporations and individuals
  • Understand the potential for double tax for a C corporation including tax planning ideas to avoid double taxation
  • Recall special rules that are different for partnerships compared to corporations
  • Identify non-tax factors that are different for the various legal entity choices
  • Determine the importance of the difference in tax result for entity assets transferred to the owners
  • Compare the tax consequences of selling a business conducted as a partnership, S corporation, or C corporation
  • Analyze the differences between partnerships and corporations when assets are transferred for stock or a partnership interest
  • Identify differences in tax consequences at the death of an owner

Topics

  • Taxation of corporations and shareholders - potential double taxation
  • Comparison of individual and corporate tax rates
  • Special rules - differences that matter
  • Non-tax factors
  • Taxation of operations - differences beyond tax rates
  • Tax considerations of making business assets available to owners
  • Taxation of the sale of the assets of a business
  • Taxation of sale of stock or interest in the partnership
  • Transfer of assets for stock or a partnership interest
  • Death of an owner
  • Hybrid structure planning

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