Description
One of the biggest tax mistakes made by businesses involves the selection of an inappropriate entity type or not properly handling the rules that apply to allow certain structures to be formed tax-free. Should a client be a corporate tax entity? Is it possible that they might qualify for a tax-free exit under Section 1202 so that a C corporation makes sense? Maybe an S-election is better? Or is this all wrong and is a tax partnership structure far more appropriate? This course will help participants understand both how to advise clients to select a proper entity and how to structure the formation to reduce or totally eliminate immediate taxation.
Objectives
• Explain the advantages and disadvantages of various business structures
• Recognize new businesses that could be formed to allow a tax-free exit via Section 1202
• Properly report the transactions related to business formations on tax returns
Designed For
CPAs, accountants, and financial professionals who advise clients that start new business ventures.
Course Pricing
WYOCPA Member Fee
$159.00
Non-Member Fee
$209.00
Your Price
$209.00
Upcoming Courses
-
Motivating the Right Way - Get the Most From Your Staff!
April 29, 2024
-
Project Management: Enhancing Ongoing Client Engagements
April 29, 2024
-
Documenting Your EBP Audit: What You Need to Know
April 29, 2024
View all upcoming courses