Webcast: Corporate Tax Planning: Taking money out of C Corporations (XCTMOCP17)
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When a business is conducted using a corporation with no S election, it is very important to have tax efficient strategies and techniques to make corporate resources available to shareholders. Focus on possible long-term and short-term tax planning ideas to move money from the corporation to shareholders. Additionally, discuss the evaluation of risks of IRS challenges.

 Export to Your Calendar 8/4/2017
When: 08/04/2017
3:00 PM until 4:00 PM
Where: Webcast
CALCPA
4173325A
United States
Presenter: John G. McWilliams, CPA, JD


Online registration is available until: 8/2/2017
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Acronym XCTMOCP17
CPE 1 hour
Vendor CalCPA
Category
Taxation
Level Overview
Prerequisite An understanding of the taxation of corporations and shareholders.
Adv Prep None
Yellow Book? No
Designed for CPAs and attorneys who have at least two years of experience advising owners of privately held businesses.
Registration
Member $30
CPA Non-Member $50

The Member rate applies to LCPA members, other 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.

Course Description

When a business is conducted using a corporation with no S election, it is very important to have tax efficient strategies and techniques to make corporate resources available to shareholders. Focus on possible long-term and short-term tax planning ideas to move money from the corporation to shareholders. Additionally, discuss the evaluation of risks of IRS challenges.

Materials are provided as an ebook for this course.

Objectives

  • Recognize basic approach to taxation of corporations and shareholders.
  • Identify and evaluate shareholder/corporate relationships that shift cash and taxable income from the corporation to the shareholder.
  • Analyze strategies and techniques  that allow shareholder current receipt of cash without taxable income being reported currently.
  • Describe other tax planning techniques.
  • Evaluate the risk of IRS challenge to suggested techniques, constructive dividends.

Major Topics

  • Basic approach to taxing corporations and shareholders
  • Using shareholder compensation
  • Corporate rental of tangible property owned by shareholders
  • Corporate licensing of intangible assets owned by shareholders
  • Fees paid to entities owned by shareholders
  • Business/personal expenses
  • Using shareholder debt as part of corporate capital structure
  • Corporate loans to shareholders
  • Other tax planning techniques
  • Risk of IRS challenge, constructive dividends