With this two-hour course, you will:
- Avoid unhappy endings caused by not understanding the exceptions to disregarded entity rules
- Understand how treatment of disregarded entities differs for income, employment, excise, and transfer tax purposes
- Discover the pitfalls of spouses owning and operating an LLC as a single-member LLC
- See when a disregarded entity needs a separate EIN from its owner, tax reporting (K-1s, 1099s, etc.), IRS matching, W-9s, and backup withholding
- Understand employment tax liability pitfalls
- Look at other disregarded entities (the Qsub and grantor trust)
- Like-kind exchanges and disregarded entities, and the tax effects of a sale or liquidation
- Explore estate and gift taxes and valuation on transfer of an SMLLC
- See whether the owner and disregarded entity can have different methods of accounting
- Clear up confusion on asset protection benefits, pitfalls, and tax advantages
- Investigate the nooks and crannies in the check-the-box regulations and rules — why you can't afford not to care
||2 Federal Tax
||2 Federal Tax
||1.5 General MCLE
Course level: Intermediate
General knowledge of LLCs is required.
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Bradley Burnett, J.D., LL.M.
Bradley Burnett is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares tax returns. Bradley has delivered more than 3,000 presentations on U.S. tax law throughout all 50 U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses. Bradley’s seminar style is to deliver the subject matter in briskly paced, enthusiastic, and witty fashion. His forte is the candid communication of practical ideas relating to tax law.
This webinar is designed to meet the requirements for the specified number of hours of continuing education. This webinar has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at 714-776-7850. Spidell Publishing, Inc. has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. General knowledge of LLCs is required. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.
Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This webinar is designed to meet the requirements for two hours of continuing education for the California Board of Accountancy. Level: Intermediate. Field of Study: Taxes. Delivery method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. General knowledge of LLCs is required.