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Partnerships, S Corps, C Corps & LLCs: Tax Aspects

Dates & Locations



W 1/18 Woodland Hills

Classes meet
9:00am-5:00pm

taught by
Peter Thelander

Only $258!
Lunch is included with 8-hour classes


8 CPE Hours
Update

No Prerequisites
No Advance Preparation
(NASBA: TX)

This course is an overview and refresher in the formation, operation, and termination of these business entities. The focus will be on the Federal income tax issues around these businesses, but with the viewpoint of a business located in California. Issues common to all businesses will be addressed:

  • Choosing the right entity
  • New developments, tax laws, and IRS regulations and rulings
  • Section 199 - The Domestic Production Deduction
  • Depreciation

The course will cover the details specific to each type of entity. Each has their own unique challenges and opportunities, both for the client and the tax practitioner. Items under discussion for each entity will include:

Partnerships:

  • Starting up the partnership
  • Allocating income, deductions, and credits to the partners
  • Basis issues

C Corporations:

  • Transferring assets to a new corporation
  • Controlled groups
  • Personal service corporations
  • Personal holding companies

S Corporations:

  • Making the S election
  • Fixing problems with the S election
  • Qualified subsidiaries
  • Health insurance for the shareholders
  • Stock and debt basis

LLCs:

  • Choosing how to be taxed
  • Differences between LLCs and other entities


Click course name below for information on other FER courses.

National Association of State Boards of AccountancyFinancial Education Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website www.nasba.org. CONTACT INFORMATION: For more information regarding refund, complaint and/or program cancellation policies, please contact our offices at 310.202.1669.


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