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Corporate Tax Planning: Taking money out of C Corporations 4173325A
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When a business is conducted using a corporation with no S election, it is very important to have tax efficient strategies and techniques to make corporate resources available to shareholders. Focus on possible long-term and short-term tax planning ideas to move money from the corporation to shareholders. Additionally, discuss the evaluation of risks of IRS challenges.

8/4/2017
When: 2:00 PM to 3:00 PM
Where: Webcast
CALCPA
4173325A
United States
Presenter: John G. McWilliams, CPA, JD
Contact: April Deneault
801-466-10269


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Curriculums:   Business and Corporate Taxation,Business and Industry,Financial Leadership Forum

NASBA Credit Category:  Taxes

CPE Hours:  1

Description

When a business is conducted using a corporation with no S election, it is very important to have tax efficient strategies and techniques to make corporate resources available to shareholders. Focus on possible long-term and short-term tax planning ideas to move money from the corporation to shareholders. Additionally, discuss the evaluation of risks of IRS challenges.

Materials are provided as an ebook for this course.



Major Subjects

  • Basic approach to taxing corporations and shareholders
  • Using shareholder compensation
  • Corporate rental of tangible property owned by shareholders
  • Corporate licensing of intangible assets owned by shareholders
  • Fees paid to entities owned by shareholders
  • Business/personal expenses
  • Using shareholder debt as part of corporate capital structure
  • Corporate loans to shareholders
  • Other tax planning techniques
  • Risk of IRS challenge, constructive dividends

Objectives

  • Recognize basic approach to taxation of corporations and shareholders.
  • Identify and evaluate shareholder/corporate relationships that shift cash and taxable income from the corporation to the shareholder.
  • Analyze strategies and techniques  that allow shareholder current receipt of cash without taxable income being reported currently.
  • Describe other tax planning techniques.
  • Evaluate the risk of IRS challenge to suggested techniques, constructive dividends.

Level:  Overview

Designed For

CPAs and attorneys who have at least two years of experience advising owners of privately held businesses.

Advanced Prep:

None.

Prerequisite

An understanding of the taxation of corporations and shareholders.

Price:

Members: $30

Nonmembers: $50

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