22WC-1108: Entity Choice: Federal Taxation of Business Operation (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Thursday, January 26, 2023
10:00am - 11:00am Central Time
1 CPE (1 technical)
The current taxation of business operations is a visible recurring focus of tax planning. The choice to use a particular legal entity is a significant factor in this planning process. This course considers the comparative federal tax consequences of operating the business as a partnership entity or a corporation with or without an S Corporation election.
Major subjects
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Basics of the taxation of partnerships, S Corporations, corporations not making the S election
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Tax rates applicable to taxable income reported by a corporation not making the S Corporation election
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Tax rates applicable to ordinary taxable income of partnerships and S Corporations which is allocated to individual taxpayers
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Tax rates applicable to long term capital gain allocated to individual partners or shareholders of S Corporations
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Comparison of corporate and individual tax rates
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Tax planning opportunities using differences in tax rates
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Comparison of tax savings for losses based on the choice of entity
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The self-employment tax and FICA/ Medicare taxes
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The individual alternative minimum tax
Learning objective(s)
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Identify and evaluate differences in tax rates applicable to corporations and individuals
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Analyze the significance of differences between the corporate and individual treatment of capital gains and losses
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Understand the importance of the self-employment tax and FICA/ Medicare taxes
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Consideration of the importance of the individual alternative minimum tax
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Identify and analyze tax planning opportunities using differences in tax rates
Who should take this program?
CPAs, financial professionals, attorneys, and other tax practitioners
Fees
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you are a
nonmember.
If you register, you will be charged
$49.00
(Standard Nonmember Fee).
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Standard Member Fee |
$39.00
|
Standard Nonmember Fee |
$49.00
|