Webcast: Best Ideas for Getting Money and Property Out of the Flow-Through Entity (XSBIGM117)
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Clients who own interests in pass-through entities are obviously intent on receiving cash and property distributions from such entities at the lowest possible tax cost. This program will cover the rules governing how and when distributions from pass-through entities are taxable and the character of the gain or loss associated with such distributions.

7/12/2017
When: 07/12/2017
12:00 PM until 2:00 PM
Where: Webcast
Surgent
BIGM-2017-01-WEBNR-193-01
United States
Presenter: Karen Davis, EA, MBA, Ph.D.


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Acronym XSBIGM117
CPE 2 hours
Vendor Surgent
Category
Taxation
Level Intermediate
Prerequisite Basic understanding of the income tax rules impacting pass-through entities
Adv Prep None
Yellow Book? No
Designed for Any tax practitioner who advises owners of pass-through entities or who prepares Forms 1120 and 1065
Registration
Member $89
CPA Non-Member $114

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

Clients who own interests in pass-through entities are obviously intent on receiving cash and property distributions from such entities at the lowest possible tax cost. This program will cover the rules governing how and when distributions from pass-through entities are taxable and the character of the gain or loss associated with such distributions.

Objectives

  • Understand the taxation of pass-through entity distributions of cash and property
  • Compare the options owners of pass-through entities have of receiving entity distributions
  • Select the distributional alternative(s) that minimize income and self-employment tax to the owners of pass-through entities

Topics

  • How cash and property distributions from a partnership (or multiple member LLC treated as a partnership) to a partner or member are taxed
  • When partnership distributions to partners are subject to self-employment tax
  • How the tax on net investment income impacts partnerships and S corporation income distributions and allocations
  • The taxation of S corporation distributions and allocations
  • Maximizing the tax benefit associated with an S corporation distribution of earnings and profits
  • Reasonable compensation for S corporation shareholder/employees