22WC-1121: Entity Choice: Tax Considerations of Making Profits Available to Owners (Webinar)
Thursday, February 2, 2023
Taxes - Technical (2.0)
Standard Member Fee
Standard Nonmember Fee
A critical factor in the choice of entity decision is whether the profits are reinvested in the business or currently made available to the partners or shareholders. This course considers the comparative tax consequences of the entity choice decision depending on whether profits are being accumulated or paid to the owners.
Who should take this program?
CPAs, financial professionals, attorneys and other tax practitioners
Basics of the taxation of partnerships, S Corporations, corporations not making the S election.
Tax consequences of tax-deductible payments to owners of partnerships and corporations
Tax consequences of making distributions to the owners of partnerships and corporations
The accumulated earnings tax
Entity choice comparison of current tax costs if most profits are accumulated
Explain the potential for double taxation for a C Corporation
Analyze and compare the tax consequences of tax-deductible payments to owners of partnerships and corporations, with and without the S Corporation election
Identify and analyze tax planning ideas to avoid double taxation
Determine the importance of the differences in tax results when assets are transferred to the owners of partnerships and corporations, with and without the S election
Identify situations where the accumulated earnings or personal holding company tax could be applied
Compare the current tax costs if most profits are accumulated by a partnership, corporation not making the S election or a corporation making the S election
NASBA ID#: 104822
Group Internet Based
An understanding of the taxation of individuals, corporations, S Corporations and partnerships