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Corporate Tax Planning: Actual and Constructive Distributions 4172917A
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For successful privately owned businesses, making corporate resources available to shareholders is challenging without significant tax cost. To lessen that cost, it is common for such businesses to use other relationships to make payments to shareholders. This course considers the tax consequences of making dividend distributions to shareholders and the risks of constructive dividend treatment for unreasonable compensation and debt that is recharacterized as equity.

7/24/2017
When: 1:30 PM to 5:00 PM
Where: Webcast
CalCPA
4172917A
United States
Presenter: John G. McWilliams, CPA, JD
Contact: April Deneault
801-466-10219


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Curriculums:   Business and Corporate Taxation,California State and Local Taxation,Financial Leadership Forum,Business and Industry

NASBA Credit Category:  Taxes

CPE Hours:  4

Description

For successful privately owned businesses, making corporate resources available to shareholders is challenging without significant tax cost. To lessen that cost, it is common for such businesses to use other relationships to make payments to shareholders. This course considers the tax consequences of making dividend distributions to shareholders and the risks of constructive dividend treatment for unreasonable compensation and debt that is recharacterized as equity. Also, review bargain sales, shareholder loans, related-party pricing and expense allocation, unreported income and corporate payment of shareholder personal expenses.

Materials are provided as an ebook.



Major Subjects

  • Stock dividends
  • Constructive dividend consequences
  • Unreasonable compensation
  • Debt versus equity
  • Shareholder loans

Objectives

  • Identify the meaning of dividend income, including the definition of earnings and profits.
  • Recognize tax consequences of dividend income to individual shareholders and dividend income received by corporate shareholders.
  • Determine and illustrate tax consequences of nonliquidating distributions for distributing corporations.
  • Identify the laws applicable to distinguish debt from equity.
  • Identify and evaluate the constructive dividend risks associated with related-party pricing and expense allocation, unreported income, shareholder personal expenses paid by corporations and other situations.

Level:  Overview

Designed For

CPAs and attorneys with at least two years of experience advising privately held corporate businesses; owners; financial advisers of privately held corporate businesses; and IRS and FTB employees.

Advanced Prep:

None.

Prerequisite

Basic knowledge of federal income tax law applicable to corporations and shareholders.

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