Best Ideas for Getting Money and Property Out of the Flow-Through Entity (WEBS0587)

Friday, October 20, 2017 | 10:00AM - 12:00PM (Registration at 9:30 AM) EST |

Instructor

Karen Davis, EA

Description

Clients who own interests in pass-through entities are obviously intent on receiving cash and property distributions from such entities at the lowest possible tax cost. This program will cover the rules governing how and when distributions from pass-through entities are taxable and the character of the gain or loss associated with such distributions.

Objectives

  • Understand the taxation of pass-through entity distributions of cash and property
  • Compare the options owners of pass-through entities have of receiving entity distributions
  • Select the distributional alternative(s) that minimize income and self-employment tax to the owners of pass-through entities

Cost

Standard Registration: $89 SCACPA Members, $109 Non-Members

Major Topics

  • How cash and property distributions from a partnership (or multiple member LLC treated as a partnership) to a partner or member are taxed
  • When partnership distributions to partners are subject to self-employment tax
  • How the tax on net investment income impacts partnerships and S corporation income distributions and allocations
  • The taxation of S corporation distributions and allocations
  • Maximizing the tax benefit associated with an S corporation distribution of earnings and profits
  • Reasonable compensation for S corporation shareholder/employees

DETAILS

Course Code:
WEBS0587

Credits:
2.00 Taxation

Field of Study:
Taxation

Vendor:
Business Learning Institute

Course Type:
Webinars/Webcasts

Level:
Intermediate

Prerequisite:
Basic understanding of the income tax rules impacting pass-through entities

Advanced Preparation:
None

 

 

 

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