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Corporate Tax Planning: Taking Money Out of C Corporations (4173325B)

 
Date:Monday, January 29, 2018
Time:4:00 PM - 5:00 PM
(Registration at 3:30 PM)
Facility:Webcast or Webinar, Online
CPE Credit:1.0 Technical Business
Instructor: John G. McWilliams
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$30.00 FICPA Members, $45.00 Non-Members

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.



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.


Major Topics:
  • 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


Who Should Attend:

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



Prerequisite:
An understanding of the taxation of corporations and shareholders.

Advanced Preparation:
None.

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Registration Status: OPEN