Course ID: CHTX

Tax Considerations and Consequences for Closely Held Businesses

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

DESIGNED FOR
Managers and partners in public accounting who assist clients with tax planning and transactions, and owners and CFOs of closely held businesses

FIELD OF STUDY
Taxes

PREREQUISITES
Experience in business taxation

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Intermediate

This course is avaliable for your group as:

Group Live On-Demand
 

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