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Surgent's Formation, Distributions, and Compensation of S Corporations and Partnerships (RFDC)
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This program will equip those who attend with the knowledge to advise their clients regarding the tax consequences associated with entity formation & entity distributions. The program combines a discussion of the applicable tax law principles with easily grasped examples so attendees will be able to apply these principles to assist their own clients.

8/17/2016
When: Wednesday, August 17, 2016
11:00 AM - 1:00 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym RFDC
CPE 2 hours
Category
Taxes
Level Intermediate
Vendor Surgent
Who should attend

Any tax practitioner who wishes to understand the tax rules regarding pass-through entity formation as well as distributions from such entities

Prerequisite
Basic understanding of the tax rules impacting individuals and pass-through entities
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$109

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description:
The ability to advise clients regarding the tax issues associated with the formation of pass- through entities and distributions made from such entities is an essential skill for an experienced tax advisor. This program will equip those who attend with the knowledge to advise their clients regarding the tax consequences associated with entity formation and entity distributions. The program combines a discussion of the applicable tax law principles with easily grasped examples so attendees will be able to apply these principles to assist their own clients.

Major Topics:

  • The basic rules under Sections 351 and 721 governing the tax formation of corporations and partnerships, respectively
  • What is "reasonable" compensation for an S corporation shareholder/employee
  • Tax treatment of S corporation distributions to shareholders, including a discussion of distributions by S corporations with and without earnings and profits
  • The rules regarding the tax impact to a partnership of cash and non cash property in a liquidating and nonliquidating partnership distribution
  • The basis of property to the distributee resulting from a pass-through entities distribution of property
  • Gain at the corporate level resulting when appreciated property is distributed

Objectives:

  • Evaluate various approaches to the amount of "reasonable compensation" an S corporation shareholder/employee should receive 
  • Determine the taxability of cash and property distributions from a pass-through entity to its owners 
  • Calculate the basis of distributed property to the distributee shareholder/partner/LLC member

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