Help  |  Pay an Invoice  |  My Account  |  CPE Log  |  Log in

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

  • Basics of the taxation of partnerships, S Corporations, corporations not making the S election
  • Tax rates applicable to taxable income reported by a corporation not making the S Corporation election
  • Tax rates applicable to ordinary taxable income of partnerships and S Corporations which is allocated to individual taxpayers
  • Tax rates applicable to long term capital gain allocated to individual partners or shareholders of S Corporations
  • Comparison of corporate and individual tax rates
  • Tax planning opportunities using differences in tax rates
  • Comparison of tax savings for losses based on the choice of entity
  • The self-employment tax and FICA/ Medicare taxes
  • The individual alternative minimum tax

Learning objective(s)

  • Identify and evaluate differences in tax rates applicable to corporations and individuals
  • Analyze the significance of differences between the corporate and individual treatment of capital gains and losses
  • Understand the importance of the self-employment tax and FICA/ Medicare taxes
  • Consideration of the importance of the individual alternative minimum tax
  • 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

Our records indicate you are a nonmember. If you register, you will be charged $49.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $39.00
checkmarkStandard Nonmember Fee $49.00

More program information

Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (1.0)
Level Overview
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. An understanding of the taxation of individuals, corporations, S Corporations, and partnerships
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

Not a member? Join the MNCPA to start saving on CPE and accessing members-only benefits.

Search CPE catalog

If you have questions about this event, please call us at 952-831-2707.