Corporate Tax Planning ON DEMAND
Available Until
Your Desk
21.0 Credits
Member Price $480.00
Non-Member Price $552.00
Overview
Before this course, the utilization of closely held corporations in tax and estate planning might seem like a complex puzzle, with various intricacies and regulations to consider. This course acts as a bridge to this knowledge gap. After completion, participants will have transitioned from a basic understanding to a comprehensive grasp of using closely held corporations effectively. The course meticulously covers the formation, operation, and dissolution of these corporations, explaining the distinctions between S and C corporations and outlining the full spectrum of tax procedures and planning techniques. This transformation equips practitioners with the knowledge and skills to navigate the complexities of closely held corporations confidently, enhancing their ability to provide strategic tax and estate planning advice to their clients.
Highlights
Business forms and characteristics. Corporate formation and capitalization. Corporate principals and employees. Basic fringe benefits. Business entertainment. Insurance. Retirement plans. Nonqualified deferred compensation. S corporations. Business dispositions and reorganizations.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents, and attorneys.
Objectives
Specify the advantages and disadvantages of sole proprietorships including self-employed taxes and payment requirements and identify the characterization of sole proprietorship assets upon disposition. Recognize partnerships and their advantages and disadvantages, identify partnership taxation particularly the application of the passive loss (Section 469) and at-risk rules (Section 465), and determine correct partnership income or loss reporting stating the role of husband and wife partnerships and limited partnerships. Identify the reporting requirements of estates, trusts, and unincorporated associations, determine what constitutes a “corporation” for a subchapter S or regular corporation, specify the characteristics of a personal service corporation and recognize the repeal of the alternative minimum tax for regular corporations, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $552.00
Member Price $480.00