• Course Information

    Title: Entities and Title: Tax and Legal Implications
    Category: Taxation
    Field of Study: Taxes
    Course Code: T011-0150
    CPE Credits: 2.0
    Price: $19.95
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Description

Description:
Before launching into an estate planning program, it's important to know who owns what and exactly for whom you are planning. This requires that methods of holding title must be analyzed, considered, and selected. Sole proprietorships, S corporations, C corporations, partnerships, and limited liability companies are analyzed as to formation, operation, and ultimate disposition. Since who or what holds title imposes its own unique tax and legal consequences on the estate plan, emphasis is given to the maximization of tax benefits in each business format. While each has its own separate characteristics, several may be used together in more sophisticated planning.

Delivery Method: Online Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Danny Santucci

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 02/06/2017

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Objectives

Objectives:
1. Specify the various types of corporations, identify S corporation rules and their tax advantages and disadvantages, cite the advantages and disadvantages of corporations relative to other types of entities, and determine how leasebacks to corporations work;
2. Identify the different types of joint ownership, and how to use the benefits of partnerships, trusts and limited liability companies to hold property;
3. Recognize the various retirement plans noting how they can be used to provide substantial lifetime benefits to a business owner and to employees.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-T-00125-14-S

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