Tax Considerations and Consequences for Closely Held Businesses
Description
Provide insightful recommendations for the challenges faced by your closely held business clients. Employ smart business decisions that will minimize the tax burden, not only on the business, but also on the owners. The concepts are uniquely laid out in the course to allow you to easily and quickly identify those tax-saving strategies that fit your client’s situation.
Learning Objectives
Recognize developing tax issues that are impacted by the business' operations
Recall key points concerning strategies relating to benefits, choice of entity, basis considerations, financing alternatives, passive activity, nexus, cancellation of debt, bankruptcy, and compensation
Identify how to implement strategies to reduce the taxes paid by the business
Recognize and plan for the impact of the business taxes upon the owners of the business.
Major Topics
Entity options
Compensation
Retirement plans and deferred compensation
Passive activities and at-risk issues
Shareholder/partner basis
Insolvency and bankruptcy
Business losses
Distressed properties
Tax credits
Succession planning
Multistate taxation
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8
Who Should Attend
Managers and partners in public accounting who assist clients with tax planning and transactions, and owners and CFOs of closely held businesses
Instructor(s)
Art Flach
Prerequisites
Experience in business taxation
Advanced Preparation
None
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US
