Entity Choice—Tax Considerations Webinar

Identify and evaluate differences in tax rates applicable to corporations and individuals.Explain and analyze the significance of the qualified business income deduction, IRC 199A.Recognize the potential for double tax for a C corporation including tax planning ideas to avoid double taxation.Recall special rules that are different for partnerships compared to corporations.Identify non-tax factors that are different for the various legal entity choices.Determine the importance of the difference in tax result for entity assets transferred to the owners.Compare the tax consequences of selling a business conducted as a partnership, S corporation or C corporation.Analyze the differences between partnerships and corporations when assets are transferred for stock or a partnership interest.Identify differences in tax consequences at the death of an owner.
Highlights
Consider the difference in tax consequences based on the decision to be either a partnership, S corporation or C corporation.Review key variables such as tax rates, double tax possibility and special rules that differ for partnerships and corporations. Focus on the taxation of current operations, including plans to make corporate profits available to the owners, and more unusual transactions such as the sale of the business or "buyout" of the owner. Transfers of property for stock or partnership interests will also considered.